Assignment:
• 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.
• How would you organize your business structure (sole proprietorship, partnership, corporation, franchise)? Explain.
• Discuss each of the 5 functions of business as they relate to your company. Specifically how would you address each of these?
• What specific resources would be necessary (capital, human, material, informational) in order to start and run your business? Discuss fully.
• Discuss 3 external forces that would impact your business. How would you address these challenges?
• Identify and discuss your target market. How would you market your business?
• How could you use social media to promote your business?
• Conduct a SWOT analysis on the possibility of starting your new business. Provide at least 2 items in each category.
• How could you use your strengths to take advantage of opportunities and ward off threats?
• How can you shore up your weaknesses?