Dimension of the external environment

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Richard has been working for 10 years in the furniture building area. He has gained a lot of experience over the years in both furniture making as well as the management of the business. Added this, Richard has his BBA from SFU and with all this experience, he is considering a couple of options. One is to venture out to start his own business or he could decided that he could create a business and arrange it where people could buy into it and use the facility for their own woodworking projects

a) Provide a type of small business that Richard could start and provide two pros and cons with the option you select

b) Considering the second option where people could buy into his business and use the facility, describe the type of business it would be and two pros and cons of this opportunity

c) Select one dimension of the external environment and apply it to either of Richard's business idea

Reference no: EM133143992

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