Question
Small Business Management (SBM 1000) project One of the required aspects of this course is to write Final Written Exam. This project is to be
Small Business Management (SBM 1000) project One of the required aspects of this course is to write Final Written Exam. This project is to be a comprehensive written assignment. Chapters are identified that may be helpful in completing some of the sections.
Think of a small company you would like to start. Using this company, include the following components in your finalized submittal and use them as Section Headings for formatting your submittal. Put the Section Headings in BOLD. minimum of 4 pages
1) Introduction: Provide an Introduction of your company. Include your main product and/or service. Would it be a startup, buyout or franchise? (Ch. 3, 4). Would it be a family business (Ch. 5)? Describe the legal form of business ownership you would choose for this company and explain why (Ch. 8). 2) Location Plan: Where would your business be located (Ch. 9)? Would it be a brick-and mortar location, home based, internet based? Explain why. 3) Business Plan: What form of business plan would you write and why? What would be the most important contents in your business plan (Ch. 6)? 4) Sources of Funding: What tools will you use to forecast your financial requirements (Ch. 12)? What sources of funding and financing your venture will you use? What financial statements will you use (Ch.10)? 5) Marketing Plan: What is your marketing plan (Ch. 7)? Describe how you will price, promote and deliver your product or service to the customer (Ch.15, 16, 17). 6) Customer Relationships: How will you build and foster customer relationships in your small business (Ch. 14)? 7) Operations Management: Describe how you will manage your company's operations (Ch.21).How will you manage human resources (Ch.20)? Explain how you will ensure that your business is operated with integrity and in an ethical manner (Ch. 2). 8) Assets and Risk: Describe how you will manage assets in your small business (Ch. 22). How will you manage risk in your small business (Ch. 23).
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