Answer the following questions below.
Please place the answer in the order it was sent to you .i.e Assignment 1, Assignment 2 and place answer next to the number 1, 2 etc.. Please do not add my questions to the final paper because it tend to create more pages..
Assignment 1. (total 150 words) 50 words for each question
1. Why is strategic planning important to a small company?
2. What is a competitive advantage? Why is it important for a small business to establish one?
3. What are the steps in the strategic management process?
Assignment 2. (total 150) 50 words for each question
1. What advantages can an entrepreneur who buys a business gain over one who starts a business from scratch?
2. How would you go about determining the value of the assets of a business if you were unfamiliar with them?
3. Why do so many entrepreneurs run into trouble when they buy an existing business? Outline the steps involved in the right way to buy a business.
Assignment 3. (total 100 words)
1. Choose a form of legal organization that is most advantageous for my company (Mobile Truck and Delivery Service for Medical Marijuana) for a proposed company and document the reasons why you think this is the best choice. Also, list the disadvantages of this legal form of organization and address how you will effectively deal with these issues.
Assignment 4 (total 150 words) 50 words for each question
1. Why is it important for entrepreneurs to develop financial plans for their companies?
2. How should a small business manager use the ratios discussed in this chapter?
3. Outline the key points of the 12 ratios discussed in this chapter. What signals does each give a business owner?
Assignment 5 (150 words) 50 words for each question
1. What is a marketing plan? What lies at its center?
2. What objectives should a marketing plan accomplish?
3. How can market research benefit a small business owner? List some possible sources of market information. |
