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:
aDetermine 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
http://www.sba.gov 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.
Grading for this assignment will be based on answer quality,
logic/organization of the paper, and language and writing skills.
