Hip Hop Business Analysis

Improved Essays
Business Mission
The Buena Park Museum of Hip Hop conserves significant artifacts as part of an exhibit for the general public to view. The exhibit allows people to explore hip hop by viewing it through an artistic, cultural, and historical lens. The museum breaks new ground for people both well-versed and unfamiliar with the subject. Establishing a museum fills a community need by educating people, and engaging the local population. The business aims to serve as a source of entertainment, a community anchor, and an economic engine.
About Buena Park
Buena Park is a storied city, located in northwestern Orange County. Well-known communities surrounding Buena Park include Fullerton and Anaheim. According to the U.S. Census Bureau indicates the population of Buena Park is 83, 270, with persons under 18 making up the majority at 25.3 percent. According to Statista (2013), a survey conducted on Facebook discovered that Hip Hop is the most popular music genre for millennials using that social media platform. The age structure of Buena Park presents a ripe opportunity for a museum showcasing hip hop to succeed. Of the 24,623 household units,
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Museum of Hip Hop aims to not only be a prominent business venture, but also something that enriches the city it is founded in. Both the city and the museum itself will benefit from the large influx of revenue, along with human traffic that it will bring its establishment. Numerous it will bring numerous new jobs which will help get the community get on board with the project and support its maintenance. A hip hop museum appeals to multiple demographics and cultures as hip hop is a global movement, which only boosts its value to the city. It targets a rapidly growing crowd from the millennial generation which allows for a consistent amount visitors. This museum can host people that come to all parts of the globe to learn more about hip hop culture. It will be one the first museums to achieve such an

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