Describe a business you would like to open. TO OPEN A CODING BUSINESS BUILDING WEBSITES NATIONALLY AND INTERNATIONALLY.
Describe the opportunity. What kind of business model would you use? Explain why. Describe the risks involved in opening such a business. What are the challenges? What are the rewards? Discuss specific concepts from the reading which support your conclusions.
Following APA, include in text citations and a reference list to cite your sources.Your discussion of the business opportunity that you would pursue, do not ignore the research. Be sure to read chapters 5 and 6 of Bateman, Snell, and Konopaske (2020) include in discussion and review the content in the course. Discuss the business opportunity in terms of some key concepts that you will need to address for the success of your business. For example:
• How would you conduct a situational analysis to help ensure the success of the business?
• How would you implement strategic planning, tactical planning, or operational planning for the success of the business?
• How does understanding the external environment impact the success of the business?
• Some of the most successful businesses were founded with a team or partnership (Sun Microsystems, Ford, Google). What are the benefits of starting a business with a team? What are the challenges? How would you overcome these challenges?
• What about owning a franchise? Would you still need a plan?
• Consider integrating what we learned about ethics and integrity. How does ethics relate to entrepreneurship?
