Struggle 4

Feedback for Project 4: Structuring a New Business Venture

Hi M, This does meet the minimum project requirements but has a lot of room for improvement. You just need to pass the last two projects.  However, I provide feedback here in case you have time and want to continue improving.  The best presentations I see really tailor the presentations to the facts of the scenario.  For example, the mission statement could be composed based on the values set forth in the recent conference call script, the organization chart could be composed to integrate the names and skill sets of the stakeholders discussed in that same link.  The three most appropriate forms of business could also be deciphered by analyzing the needs and desires of those stakeholders and you could have easily ruled out sole proprietorship (no limited liability and one owner only) and general partnership (no limited liability) and evaluated only three limited liability entities.  The LLC is actually a limited liability company (not corporation) and considering also the corporation form and/or LLP and/or S-corporation would have made more sense here.  Overall, the LLC is a reasonable choice although a Corporation would have been better suited to these particular stakeholders.  There are some clues in the scenario that should have indicated this.  There is no one-size-fits all solution.  On your organization chart page, your voice cuts off without covering all the material on the script, although I did read the script and saw you addressed outsourcing human resources in it, so gave you credit for that.  More discussion of the structure, including functional, etc. would have also improved this presentation.  Overall, you did answer the questions reasonably although the overall analysis could be better tailored to the facts and the explanations better supported.