Program Outcome:
- Comprehend the primary functions of management, and apply those functions in the decision-making process.
- Apply information technology skills to specific business applications
- Develop and begin to apply leadership skills in various settings
- Understand and apply the principles of ethical behavior to the workplace
- Demonstrate knowledge of economic and quantitative issues in the business environment
- Understand the role of business in a global environment
A Business Plan is the best way for potential small business owners to ensure that their endeavor is a sound idea for a business. The business plan forces potential owners to be specific about the products or services they intend to offer. In addition, it is their opportunity to convince potential investors to take a chance on their business by financing it. This can make the difference of a business succeeding or failing depending on how prepared a potential business owner is.
Based on the information we have discussed in class and the research you have done, create a business plan for a fictitious "for profit" company or Franchise.