Discuss why you should write business plan

Assignment Help Operation Management
Reference no: EM132395135

Please respond to the following:

1. Identify a type of business you would like to own. Next, evaluate two (2) advantages and two (2) disadvantages of buying an existing business compared to those of starting the new business from the ground up. State your decision and explain your rationale.

2. In buying or starting the business above, you determine that you do not need external financing. Discuss why you should write a business plan, and select one (1) element in the plan that you think will be the most difficult for you. Next, identify three (3) techniques you can use to overcome the challenges. Justify your selection of these techniques.

Reference no: EM132395135

Questions Cloud

How translational research plays role in influencing policy : Define how translational research plays a role in influencing policy? Provide an example of a local health care policy that has been recently enacted.
Push and pull decisions : Examine your own organization, or the organization of your choice. How is your organization structured (push or pull)?
Do you anticipate any challenges to population advocacy : As an advanced registered nurse, what will your role be in advocating for equitable population health services and policies? Do you anticipate any challenges.
Describe how electronic data interchange : Describe how Electronic Data Interchange (EDI)/ Electronic Commerce (EC) can affect logistics and system support. Provide an example.
Discuss why you should write business plan : Discuss why you should write a business plan, and select one (1) element in the plan that you think will be the most difficult for you.
What elements play the significant role in sustaining change : What two elements do you believe play the most significant role in sustaining change and why? Support your answer with one or two references.
How would you distinguish shadowing and joint problem : How would you distinguish shadowing and joint problem solving? Describe a learning situation where shadowing rather than joint problem solving
Describe the key elements of just culture : The concept of a "Just Culture" has a number of key elements. Choose the two elements that you feel are the most difficult to achieve and provide one strategy
Create the MYOB company file for a small business : Create and setup the MYOB company file for a small business. Record transactions into the accounts of that business. Perform a bank reconciliation.

Reviews

Write a Review

Operation Management Questions & Answers

  Increasing level of detail-which is sequence of activities

A multi-level bill of material. Which of the following are objectives of an MPS? In terms of INCREASING level of detail, which is best sequence of activities?

  Determining the first impressions

The authors of First Impressions say that making a good first impression means making the person you meet feel positive toward you. When you have contact with someone, do you think about how the other person is feeling during the initial contact, ..

  Describe a particular sector that is affected

First, you have not provided any data or statistics besides the 28 million people who currently lack health insurance.

  Which type of resources would the firm require

How does GE's framework give it the opportunity to be at the forefront of the markets in which it participates?

  Entrepreneurs use strategic communication effectively

Entrepreneurs are challenged with building and sustaining an effective business. How can entrepreneurs use strategic communication effectively?

  Marketing mix of international organization

Pick a specific product that the company offers in at least three different countries.

  Good example of poor or failed leadership

Analyze and describe for your classmates a work experience you have had that featured a great leader who created a meaningful work environment, or describe a past event at work that was a good example of "poor" or "failed" leadership. Please keep all..

  What is the economic order quantity

One of Central's most popular valves, the Western, has an annual demand of 6,000 units. The price of each valve is $76, the inventory carrying cost is $5, and the ordering cost is $150 per order.

  Determine the net rates going to each of the servers

Determine the net rates going to each of the servers. If both servers can process customers at a rate of 14 per hour each, is the system stable?

  Discuss the importance of exit plan

Discuss the importance of an Exit Plan. How does Risk affect you daily? And how do you best deal with risk when it is upon you?

  How typical are the attitudes that sheehy reports

How typical are the attitudes that Sheehy reports? Does his description of a new work ethic tally with your own experiences.

  Project manager who fails to adequately

A project manager must ensure that the person’s with whom he or she deals have authority. A project manager who fails to adequately identify these key people could suffer serious problems along the course of a project. Discuss the steps a project man..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd