Hope Allen
Liberty University
BUSI 561
Discussion Board 3
Abstract
Starting a new business has many stipulations with many pros and cons included. However Shania Jackson need advising on her business goals along with recommendations added. To provide and assist Shania accurately, I have taken a look at the case study to answer the four questions listed below, with careful examination to help Shania fulfill her future endeavors.
Introduction
Completing a business plan is necessary to operate and run a effectively yet efficient business. The plan is included to help an individual accomplish their goals during the process. Shania is a Christian and wants to open a Christian coffeehouse near Denver, Colorado. Shania sister Kelsey is a new christian and want to be part of the business, and Shania neighbor Carlos is a non- believer and have expressed an interest in participating in the business. She wants to name the business “The Gathering Place”. Shania options to own her franchise or a jointly venture. Before Shania indulge in starting a new business, options should be thought through before making a decision. The opportunity to start a new business should be very exciting for Shania and the right to select how your business functions is the added benefits.
Advise Shania on which of the business …show more content…
Explain your recommendation. “If you decide to go into business on your own, you are creating a sole proprietorship, a business organization in which you, as the sole proprietor, are in sole control of the management and the profits and losses” (Kubasek, Browne, Herron, Dhooge, & Barkacs, p. 462). For this reason I think Shania should go in the direction of choosing her independent coffeehouse. Franchises has certain stipulations and agreement to adhere to. Shania has the right to do whatever she want in her own
Liberty University
BUSI 561
Discussion Board 3
Abstract
Starting a new business has many stipulations with many pros and cons included. However Shania Jackson need advising on her business goals along with recommendations added. To provide and assist Shania accurately, I have taken a look at the case study to answer the four questions listed below, with careful examination to help Shania fulfill her future endeavors.
Introduction
Completing a business plan is necessary to operate and run a effectively yet efficient business. The plan is included to help an individual accomplish their goals during the process. Shania is a Christian and wants to open a Christian coffeehouse near Denver, Colorado. Shania sister Kelsey is a new christian and want to be part of the business, and Shania neighbor Carlos is a non- believer and have expressed an interest in participating in the business. She wants to name the business “The Gathering Place”. Shania options to own her franchise or a jointly venture. Before Shania indulge in starting a new business, options should be thought through before making a decision. The opportunity to start a new business should be very exciting for Shania and the right to select how your business functions is the added benefits.
Advise Shania on which of the business …show more content…
Explain your recommendation. “If you decide to go into business on your own, you are creating a sole proprietorship, a business organization in which you, as the sole proprietor, are in sole control of the management and the profits and losses” (Kubasek, Browne, Herron, Dhooge, & Barkacs, p. 462). For this reason I think Shania should go in the direction of choosing her independent coffeehouse. Franchises has certain stipulations and agreement to adhere to. Shania has the right to do whatever she want in her own