Project Assignment
i. 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. (2 paragraphs; minimum of 3 sentences per paragraph)
ii. How would you organize your business structure (sole proprietorship, partnership, corporation, franchise)? Explain. (1 paragraph; minimum of 3 sentences per paragraph )
iii. Discuss the specific resources that would be necessary (capital, human, material, informational) in order to start and run your business? Discuss fully. (4 paragraphs; minimum of 3 sentences per paragraph).
iv. Discuss the functions 5 functions of business as they pertain to your business and how you will address each one of these. (5 paragraphs; minimum of 3 sentences per paragraph).
v. Discuss 3 external forces that would impact your business. How would you address these challenges? (3 paragraphs; minimum of 3 sentences per paragraph )
vi. Identify and discuss your target market. How would you market your business? (2 paragraphs; minimum of 3 sentences per paragraph )
vii. How could you use social media to promote your business? (1 paragraph; minimum of 3 sentences per paragraph )
viii. Conduct a SWOT analysis on the possibility of starting your new business. Provide at least 2 items in each category.
SWAT Analysis
Strengths Weaknesses
Opportunities Threats
ix. How could you use your strengths to take advantage of opportunities and ward off threats? (1 paragraph; minimum of 3 sentences per paragraph )
x. How can you shore up your weaknesses? (1 paragraph; minimum of 3 sentences per paragraph )
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.