Project #47098 - Small Business Management

 

1.     Briefly describe the steps involved in going into business.

 

2.     Describe how to find a product or service niche.

 

3. Imagine you decided to franchise a business.

 

  4. Explore FIVE possible franchises. Use magazines and the web. For each, describe what the business does, the headquarters location, the costs of purchase, and why you would buy into the franchise rather than starting a new business. CH

 

Part 2

 

The SWOT is an important planning tool.

 

1.     Describe why planning is important to small businesses.

 

2.     List 5 major things typically included in a business plan.

 

3.     Do a personal SWOT analysis on a possible business that you might start.

 

Remember that the SW are your personal traits and abilities to start and operate the business, while the OT are the external factors such as the current economy and the competition.

 

What conclusions can you make from this analysis?

 

Subject Business
Due By (Pacific Time) 11/12/2014 11:59 pm
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