- 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)
- How would you organize your business structure (sole proprietorship, partnership, corporation, franchise)? Explain. (1 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).
- Discuss 3 external forces that would impact your business. How would you address these challenges? (3 paragraphs)
- Identify and discuss your target market. How would you market your business? (2 paragraphs)
- How could you use social media to promote your business? (1 paragraph)
- 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? (1 paragraph)
- How can you shore up your weaknesses? (1 paragraph)
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