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What kind of business and what are the first steps

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Reference no: EM132923788

Through the generosity of an unknown benefactor, you have been given $50,000 with the following laughable requirement: start a business in 90 days. You know there are several types of options available to you, most of which are quite frightening...yet strangely invigorating! Although you've never really given it much thought, the idea of beginning such an endeavor does have a familiar tone to it. The business must be operational by December 1st this year.

Your challenge is to explain in detail:

-What kind of business and what are the first steps? (Be Specific)

-Where do you go from here?Answer the following questions:

-What are the options available to you based on your age and demographics? List minimum of 2 options.

-What are the pros and cons of each option?

-Which would you choose and why (be very descriptive!!)

-What challenges do you think you will you face (additional $, training, etc.) and what concerns do you have?

Reference no: EM132923788

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