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What business have you always dreamed of starting

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Chapter five describes the various forms of business ownership and introduces the topic of small business. The Small Business Administration is a tremendous resource for would be entrepreneurs. Research their resources for business plans and financing.

Explore business plans and government resources for small business at:

The Small Business Administration

Lets take a look at one of the worlds most prolific franchisers, McDonalds. How much does it cost to buy a franchise and how is the organization structured. Follow their links for franchise information.

Interested in owning a McDonald's! Check out their site

Assignment Questions:

Everyone is a bit of an entrepreneur. What business have you always dreamed of starting? What would be your plan if you decided to actually start the business? What would be your competitive advantage? What do you think will be the growth areas of our economy in the future that entrepreneurs might want to capitalize on?

Review the costs of becoming a McDonald's franchisee. How much does it cost to buy a McDonalds. Do you feel it would be a good investment?

What is your opinion of the crowd sourcing options for financing like kickstarter? Review the website and a few offerings and report back on your findings. Do you think this is a viable option to finance a new venture?

Reference no: EM132118316

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