Small Business Ownership Project

PU Small Business Ownership Project

Assignment One:

Part One: Summarize each of the forms of business you could choose from if you were starting your own business. Be sure to include some of the basic requirements for starting each type of business. Does one type or form of business have an advantage over another?

Part Two: If you were going to start a business, based upon what you considered for the discussion this week, which form or type of business would you select and why? What would be your initial challenges? What might the potential rewards be for starting your own business?

Assignment Two:

For this assignment, you are going to consider what it would be like for a business to operate in a global economy. Summarize what you have learned about operating a business in a global economy from Chapter 4. Continue to build from the business you selected for the assignment above and consider what it would be like to operate this business in a global or international economy. How would you begin to operate in a global economy? For example, would you open an online store? What are some of the requirements needed to expand to a global customer base?