Posted: April 21st, 2022
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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 assignment, 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 3–4 page paper in which you: 1. Develop an idea for a prospective small business and select a name for the company. 2. Identify its key competitors and summarize the strengths and weaknesses of one of the competitors. 3. Prepare a mission statement that encompasses the purpose of the business and considers its target market. 4. Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation. 5. Include at least two references Developed an idea for a prospective small business and selected a name for the company. Identified its key competitors and summarized the strengths and weaknesses of one of the competitors. Prepared a mission statement that encompassed the purpose of the business and its target market Identified the ownership form for this business, and took into consideration the tax implications, liability exposure, managerial ability, and cost of formation. Met the required number of references; all references are peer-reviewed, academic references Writing has very few spelling, punctuation, and grammatical errors; few fragments, comma splices, and run-ons. 0-2 errors present.
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