Reference no: EM131108846

Internet - Starting a Business

Imagine you are planning to start your own business. What type of business would you start, and what type of ownership would you prefer? How would you fund this business? Dream big for this assignment. Think of a business you would like to start in the future and answer the following questions: (Be prepared to share your information on the weekly discussion board.)

Your Name - IA#2

1. Name of Your New Business
2. What types of products and/or services will you provide? (2-3 paragraphs)
3. Where will your business be located?
4. What type of ownership will your new business be and why? Discuss the advantages and disadvantages of this type of ownership. (3-6 paragraphs) You many choose a Franchise as a form of ownership for this assignment.
5. How will you fund your new business? Discuss funding sources and the advantages and disadvantages of this type of funding. (3-6 paragraphs)
6. Visit the Small Business Administration web site (www.sba.gov) and find an article about starting a new business. Share the title of the article and provide a brief summary as to how this article could help you in your new business venture. (3-6 paragraphs)
7. Provide the web address for the SBA article.

Type your responses in a word document and upload into the drop box for grading by the due date. This assignment is worth 20 points.

Note: Because web sites often change, use a search engine to find alternative web sites to access required information when necessary.