| You must submit the work IN ORDER. * Assume that you are about to start a new business. What type of business would it be? Be specific and explain your product or service offerings. (1-2 paragraphs; minimum of 3 sentences per paragraph) * How would you organize your business structure (sole proprietorship, partnership, corporation, franchise)? Explain. (1 paragraph; minimum of 3 sentences per paragraph ) * Discuss each of the 5 functions of business as they relate to your company. Specifically how would you address each of these? (1 page) * What specific resources would be necessary (capital, human, material, informational) in order to start and run your business? Discuss fully (2-4 paragraphs; minimum of 3 sentences per paragraph ). * Discuss 3 external forces that would impact your business. How would you address these challenges? (3 paragraphs; minimum of 3 sentences per paragraph ) * Identify and discuss your target market. How would you market your business? (2 paragraphs; minimum of 3 sentences per paragraph ) * How could you use social media to promote your business? (1 paragraph; minimum of 3 sentences per paragraph ) * Conduct a SWOT analysis on the possibility of starting your new business. Provide at least 2 items * How could you use your strengths to take advantage of opportunities and ward off threats? (1 paragraph; minimum of 3 sentences per paragraph ) * How can you shore up your weaknesses? (1 paragraph; minimum of 3 sentences per paragraph ) |
