Describe a business strategy and supporting business plan

Assignment Help Business Management

Reference no: EM131693760

Assignment: To Build or Buy

Select a small business that you visit often (e.g., coffee shop, bookstore, sporting goods store, etc.). Write a 6-8 page paper in which you:

Craft a brief (1-2 pages) strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail.

Determine if it would make more sense to open the new business you describe or to purchase the existing business you selected. Explain your reasoning.

Discuss the most appropriate form of ownership for your new business (assuming your current financial situation).

Outline a business plan for your business. Visit https://www.sba.gov for tools and templates.

Include at least two references outside the textbook.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Analyze the nature of entrepreneurship, business ethics, and social responsibility in managing a successful small business.

Analyze a business strategy and supporting business plan for a small business concept

Describe and analyze the necessary activities and key decisions to start a small business.

Use technology and information resources to research issues in small business management.

Write clearly and concisely about small business management using proper writing mechanics.

Reference no: EM131693760

Questions Cloud

Prepare a income tax return for mary : Taxpayer, Mary Kelly, is 35 years old. Her social security number is 123-66-4478. Prepare a 2016 income tax return for Mary

Provide one example of business management applying : Provide one example of business management applying each framework to support your response.

What should be the budgeted sales : The company plans to include a safety margin of $20 000 before tax. Assuming a tax rate of 30%, what should be the budgeted sales

How the credit crisis adversely affected many other people : Contagion Effects of Credit Crisis: Explain how the credit crisis adversely affected many other people beyond homeowners and mortgage companies.

Describe a business strategy and supporting business plan : Describe a business strategy and supporting business plan for a small business concept. Explain and analyze the necessary activities and key decisions to start

What is the yield to maturity of the? bonds : The bonds have a face value of ?$1,000?, a coupon rate of 7.5?% with coupons paid? annually, and they mature in15 years.

Prepare a production budget for each quarter : Production Budget Refer to the information regarding Stillwater Designs on the previous page. Stillwater Designs needs a production budget for each product.

Prepare separate direct materials purchases budgets for jars : Prepare separate direct materials purchases budgets for jars and for peanuts for the months of January and February.

How much is the net cash flow from financing activities : Kennel also issued their common stock in exchange for a building costing $400,000. How much is the net cash flow from financing activities

User Account

All Pages