Particular business structure

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  • Assume that you are about to start a new business. What type of business would it be?  Why would you select this type of business that is best for you?  Be specific and explain your product or service offerings. (minimum of 3 paragraphs with more than 3 sentences per paragraph)
  • How would you organize your business structure and why (sole proprietorship, partnership, corporation, LLC, franchise)? Explain why you made this choice over the other options available. Discuss how your business lends itself to best suit the particular business structure you chose  (minimum of 2 paragraphs with more than three sentences per paragraph)
  • Discuss the specific resources that would be necessary (location/space, capital, human, materials/merchandise, technology, information) and other resources and intangible property in order to start and run your business? Discuss each type fully.  (minimum of five paragraphs with more than three sentences per paragraph)
  • Discuss each of the five functions of the business (Organizing, Financing, Production, Marketing, Employment) as they pertain to your business and how you will address each one of these in your company.  (minimum of five paragraphs with more than three sentences per paragraph)
  • Discuss three external forces that will likely impact your business. Explain in detail how will you address each of these challenges.  (minimum of three paragraphs with more than 3 sentences per paragraph)
  • Identify and discuss your target market.  How would you market your business in order to attract your target market? Be specific.  (minimum of two paragraphs with more than three sentences per paragraph)
  • How could you use social media to promote your business? Provide an example of a social media post, you would use. Be sure to identify the and platform for this post.  (minimum of two paragraphs with more than three sentences per paragraph)
  • Conduct a SWOT analysis on the possibility of starting your new business.  Provide at least two items in each category. Use the chart below.
  • Do not include the questions in our project.