Running Head: TO BUILD OR BUY
Assignment
1: To Build or Buy
Due Week 4 and worth 240 points
Select a small business that you visit often (e.g., coffee shop,
bookstore, sporting goods store, etc.). Write a 6-8 page paper in which you:
1.
Craft a brief (1-2 pages) strategy
for a business concept that would directly compete with the small business you
selected. Explain the rationale for the strategy in detail.
2.
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.
3.
Discuss the most appropriate form
of ownership for your new business (assuming your current financial situation).
4.
Outline a business plan for your
business. Visithttp://www.sba.gov for
tools and templates.
5.
Include at least two (2)
references outside the textbook.
Your assignment must follow these formatting requirements:
·
Be typed, double spaced, using
Times New Roman font (size 12), with one-inch margins on all sides; citations
and references must follow APA or school-specific format. Check with your
professor for any additional instructions.
·
Include a cover page containing
the title of the assignment, the student’s name, the professor’s name, the
course title, and the date. The cover page and the reference page are not
included in the required assignment page length.
The specific course learning outcomes associated with this
assignment are:
·
Analyze the nature of
entrepreneurship, business ethics, and social responsibility in managing a
successful small business.
·
Analyze a business strategy and
supporting business plan for a small business concept
·
Describe and analyze the necessary
activities and key decisions to start a small business.
·
Use technology and information
resources to research issues in small business management.
·
Write clearly and concisely about
small business management using proper writing mechanics.
Grading for this assignment will be based on answer quality,
logic/organization of the paper, and language and writing skills.
Click here to view the grading rubric.
