Small business for-profit

  1. Consider a small business you want to create. In your post, address the following:

What type of business would you create?
Conduct some research on companies offering a similar product. What distinguishes you from your competitors?
Name 2-3 risks you need to consider in your new venture? Consider the risk factors similar companies may have encountered.
How could you leverage e-commerce and social media to make your business profitable?

  1. Consider a for-profit organization in your area that you currently work for (or a company your organization competes with or one you would like to work for). What type of ownership model does the company/organization use? Why do you think this type of ownership model was chosen? What would be different in your organization if a different ownership model were used?

Sample Solution