a. You can discuss the following questions in whatever order that best suits your business idea given that you have 50 e

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A You Can Discuss The Following Questions In Whatever Order That Best Suits Your Business Idea Given That You Have 50 E 1 (57.55 KiB) Viewed 63 times

a. You can discuss the following questions in whatever order that best suits your business idea given that you have 50 employees • Who did you pick (from your team) to lead the business? Why? Did you use any formal/informal criteria to assess the person when making these choices? What role(s) you assigned to each of you? Why (Management Plan) • What is your business goal and mission statement? • What source(s) of funding do you have currently available? What other venues you might explore to get funding? (Financial Plan) • Determine the business form you agreed on and explain the reason clearly • Determine organizational structure and chart under the assumption of 50 employees • What is your assessment of the internal and external environment this business exists in? Do a SWOT analysis to determine internal strengths and weaknesses and external opportunities and threats • What is your marketing strategy? (4ps) Product, Price, Promotion, and Place/distribution . Look at the other similar businesses and try to get an idea of the current market condition in this industry? What are your sales and profit projections? Do secondary research and collect data and information in the market you are in Industry Analysis)