To Build or Buy a Small Business Essay

2053 Words Apr 13th, 2013 9 Pages
402 Small Business Professor, Ricardo Toye | To Build or Buy | Week 4 Assignment 1 |

Cornelius Gaskins
1/22/2013
|

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…
It is important to note that the existing business could have problems that cannot be seen but has to be investigated to be discovered. Problems such as ill-will between the suppliers and a customer as well with other neighboring businesses. “Jump starting the cash flow will have better potential due to existing operational elements such as customers, inventory and equipment already in place.” (http://www.sba.gov/content/buying-existing-business)

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.

“You

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