Running Head: TO BUILD OR BUY

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:

1. 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

2. Determine
if it would make more sense to open the new business you describe or to
purchase the existing business you selected. Explain your reasoning.

3. Discuss
the most appropriate form of ownership for your new business (assuming your
current financial situation).

4. Outline
a business plan for your business.”> for
tools and templates.

5. 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.″>Click here to view the grading rubric.