Posted: June 13th, 2022

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.

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Overview
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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.
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Instructions
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Write a 3–4 page paper in which you:
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Develop an idea for a prospective small business and select a name for the company.
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Identify its key competitors and summarize the strengths and weaknesses of one of the competitors.
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Prepare a mission statement that encompasses the purpose of the business and considers its target market.
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Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation.
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Include at least two references outside the textbook.

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