BUS 402 Small Business Management

Task: With this assignment, you have the opportunity to take your creative ideas to the next step and begin to develop a strategy that will form the foundation for a successful business. Write a three to four (3-4) page paper in which you: 1.Develop an idea for a prospective small business, and select a name for the company. 2.Identify its key competitors and summarize the strengths and weaknesses of one of the competitors. 3.Prepare a mission st

Task: With this assignment, you are creating two important elements of a financial plan: an Income Statement and Balance Sheet. You also are preparing an outline of a presentation of your business plan to potential investors or lenders. Using the business you created from Assignments 2 and 3, write a three to four (3-4) page paper in which you: 1.Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of

BUS 402 WEEK 3 DISCUSSION"Ownership and Franchising" Please respond to the following:• Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three (3) important factors they should take into consideration when selecting a form of ownership. Next, recommend one (1) form of ownership you believe will best serve the organization now and in the future. Justify your re

BUS 402 WEEK 2 DISCUSSION"Innovation and Strategic Management" Please respond to the following:• Discuss the importance of innovation in the survival and success of a business. Next, suggest three (3) strategies that you, as an entrepreneur, can use to encourage creativity and innovation in your small business. Provide support for your response.• Analyze a current or former company for which you have worked, and without revealing the name of th

BUS 402 WEEK 1 DISCUSSION"Entrepreneurs and Small Business" Please respond to the following:• Reflect on the contributions to society of small businesses and consider two (2) benefits and drawbacks of small business ownership. Next, address the question, “Should employees be encouraged to follow the path of entrepreneurship?” Justify your response.• Consider small business’s social responsibility to employees, customers, investors, the community,

Question 1 Which of the following is true about avoiding business failure? You must understand financial statements. You need to learn how to manage others. You must differentiate your product from the competition. You must do all of these. 2 points Question 2 Potential drawbacks of small business ownership include:

BUS 402 WEEK 1 Discussion II An elevator speech is an excellent way to convey your skills while networking and seeking employment. Typically, an elevator speech is a one-minute summary of who you are, why you are qualified, and what you have to offer the organization or industry. A brief sales pitch will ensure that you are prepared to discuss your career goals whenever the opportunity presents itself. Review the following two Forbes’ art

BUS 402 WEEK 1 Discussion I the elements of strategic management and explain why it is crucial to an organization’s survival. Using a company as an example, explain the difference between a strategy and a business model. Please discuss in 200-250 words. Guided Response: Respond to at least two of your fellow students’ posts in a substantive manner and provide recommendations to extend their thinking. Defend your position by

BUS 402 WEEK 5 Discussion II When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discuss which kinds of international strategies are most appropriate for companies in the following domestic industries: • Producing movies • Software • Management consulting • Breakfast cereals • School of busine