Discuss a plan of action that you and your partner would personally implement to avoid the following 4 main failure mechanisms of small businesses:
Managerial incompetence or inexperience
Neglect
Weak control systems
Insufficient capital
Identify what steps you and your partner will take to address each of the 4 failure mechanisms.
You may be creative in your responses, and you may use actual personal insight from previous business experiences if you wish.
You must include at least 2 external, credible sources on business management technique and business success.
Cite your references at the end of your work in APA format.
Part II:
List the activities you would need to do for each of the functions of management:
Planning
Organizing
Directing
Controlling
Discuss the levels of management you would need to successfully operate as a business.
Develop an organization chart.
Explain your management style. What type of manager would you be and why?