BUSN 1200 Fundamentals Of Business

BUSN 1200 Fundamentals Of Business
Question
Answered

What is the name of your business?

Description of Business

What will your business do?

Form of Business Ownership

What form of business ownership (sole proprietorship, partnership, or corporation) will your business take? Why did you choose this form?

Ideal Customer

Briefly describe your ideal customer. What are they like in terms of age, income level, and so on 

 Our Advantages

Why will customers choose to buy from your business, instead of your competition

Ethical Issues

All businesses have to deal with ethical issues. One way to address these issues is to create a code of ethics. List three core (unchanging) principles that your business will follow.

Social Responsibility

A business shows social responsibility by respecting all of its stakeholders. What steps will you take to create a socially responsible business?

Global Issues

Do you think that you’ll sell your product in another country? If so, what countries would you choose, and why? What challenges will you face?

Mission Statement

Provide a brief mission statement for your business

Business Goals

Consider the goals for your business. What are three of your business goals for the first year? What are two intermediate to long-term goals?

Perform a basic SWOT analysis for your business, listing its main strengths, weaknesses, opportunities, and threat

Strengths      

Weaknesses        

Opportunities      

Threats      

Management

Who will manage the business?

Organization Chart

Show how the “team” fits together by creating a simple organizational chart for your business. Make sure that you organizational chart indicates who will work for each manager as well as each person’s job title.