Homework: Creating a Small Business
Too often, entrepreneurs brimming with optimism and enthusiasm launch businesses destined for failure because their founders never stop to define a workable strategy that sets them apart from their competition.
Overview
With this homework, you have the opportunity to take your creative ideas to the next level and begin to develop a strategy that will form the foundation for a successful business.
Instructions
Write a 3 to 4 pages paper in which you:
• Develop an idea for a prospective small business and select a name for the company.
• Identify its key competitors and summarize the strengths and weaknesses of one of the competitors.
• Prepare a mission statement that encompasses the purpose of the business and considers its target market.
• Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.