Economic Assignment : To Build or Buy

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 detail.
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. Discuss the most appropriate form of ownership for your new business 
   (assuming your current financial situation). Outline a business plan for your business. Visit http://www.sba.govfor tools and 
   templates
3. 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.