To Build or Buy a Small Business Essay
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.
“It Bakes Good,” with a delicious flavor that is sure to please. Watching customer’s satisfaction
is the goal.
Developing a Bakery as a counter business with a competitive strategy to navigate through
barriers set up by existing Bakeries is the plan at hand. The initial bakery is deals with
pastries, breads, croissants and coffee, teas and other beverages. This …show more content…
Discuss the most appropriate form of ownership for your new business (assuming your current financial situation). Considering the new business Partnership as the form of ownership and considering the current form of ownership used buy the owner of the existing business, both really has nothing to do with what form one owner prefers over what form another owner prefers. Each form has both advantages and disadvantages. The most noticeable concern over owner a business is liability responsibility, what can be taken from the owners to cover liabilities and cannot which taxes should be a major concern.