Experience with and insights into business and commerce

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Reference no: EM132167402

The Discussion Boards for this course each represent part of a larger conversation about your experience with and insights into business and commerce, allowing you to apply concepts and topics from this course as you gain new knowledge. Each unit's Discussion Board will continue the conversation from the prior unit. For the purpose of this assignment, your uncle has decided to retire and has asked you to take over his Bed and Breakfast Inn (B&B). It is currently organized as a sole proprietorship and has fairly regular annual repeat customers (mostly families on vacation). Review and answer the following questions: What changes do you think you might implement to make the B&B more successful? Would you stay with a sole proprietorship? Why? If you are going to change the type of business entity, which business entity form would you choose for the B&B? What do you feel would be the advantages and disadvantages of your chosen business entity? Assuming there are other B&Bs and hotels in the area, how would your business be similar to or different from your competition?

Reference no: EM132167402

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