ASSIGNMENT: Which Business Would I Like to Own?
Main Objective: Students will identify a type of business that they would like
to either start or become the owner of in the future.
Requirements:
1. Students must identify a type of business that they would most like to
own. They can choose a sole proprietorship, partnership, corporation, or
franchise. Students must then identify a specific example of a business
that is most similar to the one they would like to own.
2. Students must choose a method to investigate the requirements needed
to start the business, the challenges of operating the business, and the
expected benefits provided by owning the business.
a. Methods may include: in-person interview, phone interview, email
questionnaire, on-line research, or any method you find works for
you.
b. Students should summarize their findings in the form of an
outlined report, not an essay.
3. Students must compose a summary of their findings to be submitted
before 03/26.
Entrepreneurship interview guide for sole proprietorship or partnership
1. Name of entrepreneur(s)
2. Name of entrepreneur's business
3. Type of business organization
4. List products of business (goods and/or services)
5. Number of employees
6. List benefits of business to society
7. Government regulations that affect the operation of the business
8. Chart growth of business since its inception
9. Challenges in operating the business
Franchise Start-up guide – information you should provide
1. Identify key steps in the process
2. Identify key requirements
3. Identify required training or skills
4. Identify market requirements
5. Discuss operational challenges / benefits of owning a franchise
Corporate Takeover
1. This would be exceedingly difficult, but if you choose to, you can have fun
researching what would be required to become the primary shareholder of any
corporation you choose.
2. You must provide specific numbers of stock and other detailed information on
what it would take to become the primary shareholder of a corporation.
3. Identify challenges and benefits to becoming the primary shareholder of a
corporation.