Select a small business that you visit often (e.g., coffee shop, bookstore…..solved




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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: 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. 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.
Discuss the most appropriate form of ownership for your new business
(assuming your current financial situation). Outline a business plan
for your business. Visit for tools and templates.
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