Assignment:
Select a small business that you visit often (e.g., coffee shop, bookstore, sporting goods store, etc.). Write a 6 to 8 page paper in which you:
- Craft a brief (1 to 2 pages) strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail.
- Determine if it would make more sense to open the new business you describe or to purchase the existing business you selected. Explain your reasoning.
- Discuss the most appropriate form of ownership for your new business (assuming your current financial situation).
- Outline a business plan for your business. Visit https://www.sba.gov for tools and templates.
Include at least two references outside the textbook.