To build or to Buy

Select a small business that you visit often (e.g., coffee shop, bookstore, sporting goods store, etc.). Write a 6-8 page paper in which you:

• Craft a brief (1-2 pages) strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail.
• Determine if it would make more sense to open the new business you describe or to purchase the existing business you selected. Explain your reasoning.
• Discuss the most appropriate form of ownership for your new business (assuming your current financial situation).
• Outline a business plan for your business. Visit http://www.sba.gov for tools and templates.
• Include at least two (2) references outside the textbook.

Your assignment must follow these formatting requirements:

•  Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
•  Include a cover page containing the title of the assignment. The cover page and the reference page are not included in the required assignment page length