Reference no: EM132991748

Make a business plan for a clothing business

Starting this business: Describing my business:Type of business:

• Describe convincingly why you want to start this business using examples and evidence (ie: something you have always wanted to do, you are good at this) and explain what you are selling or providing.
• Provide a name for your business, your location and describe what goods and services your business will sell.  Include why customers want or need your product or service.
• Explain what type of business you would like to create (sole proprietorship, partnership, or corporation). Describe why you decided to chose the business type. What are the advantages? Evaluate how your business type will overcome the disadvantages it will face.
• Factors of Production: Describe the four factors of production and the types of equipment you will need to start your business.  You must include any form of communication including telephones, cell phones, faxes, internet, email, and the budget you will need for these things.
• Capitalism: Explain the importance of capitalism to your business.  How do profit motive and competition impact your business.
• Impact of Demand and Supply: Provide one scenario for demand and supply that would impact your business.
• Employee Relations: Remember that businesses have a responsibility to address their employees' concerns and make a quality working environment for their employees. Determine how your business will do it
• Will your business have a labor union? If so, explain why allowing a labor union is a good decision. Also, explain if the labor union should be a closed shop, open shop, or union shop and why.
• If your business will not be open to labor unions, explain why and also explain how you will allow your workers to have a voice in your business without labor unions.