Business Decisions
BUS 402 week 4 discussion
Week 4 Discussion
- Identify a type of business you would like to own. Next, evaluate two (2) advantages and two (2) disadvantages of buying an existing business compared to those of starting the new business from the ground up. State your decision and explain your rationale.
- In buying or starting the business above, you determine that you do not need external financing. Discuss why you should write a business plan, and select one (1) element in the plan that you think will be the most difficult for you. Next, identify three (3) techniques you can use to overcome the challenges. Justify your selection of these techniques.
Answer previewam thrilled with automobiles, and I would love to own General Motors Company which is one of the largest multinational corporations in America. GM deals with designing, manufacturing, marketing and distribution of cars and car parts. Though I would like to own a GM company, some advantages and disadvantages are associated with buying an already existing business. First, some of the benefits of purchasing an existing business are: the hard part of start-up work has already been done, and the firm already has plans and procedures that are set in place which are challenging when starting a new business…
(400 words)