Central Texas College Early Management Decisions Statement Questions

Review the following U.S. Small Business Association (SBA) Website resources:4 Tips for Researching and Finding Wholesale SuppliersChoose Your Business Location & EquipmentHow to Choose the Best Location for Your BusinessEstimating Startup CostsAdvertising: The BasicsInsuranceRisk Management for a Small BusinessBusiness Technology Simplified – Module 12. Review the following Entrepreneur resources:How to Find and Work With SuppliersHow to Find the Best Location10 Things to Consider When Choosing a Location for Your Business7 Illusions to Shed in the First 100 Days of Your Startup3. Watch the following TED talks:Dan Ariely: Are we in control of our own decisions?Risk Management: Chris Davenport at TEDxMileHighRory Sutherland: Life lessons from an ad manMorgan Spurlock: The greatest TED Talk ever soldRichard Seymour: How beauty feels4. Review the following additional resources:Business: Ten Laws of Prime Business PreparationBest Business LocationAssignment 2: Early Management DecisionsPrepare the Early Management Decisions Statement. You must cite at least 5 separate sources from the online course material or other resources based on your research. The citation should be a paraphrase of the source. This will likely take you at least 500 words to write an adequate description of your Early Management Decisions Statement that answers at a minimum the following learning objectives: Define the legal form of business. Why?Identify other legal issues such as copyrights, franchises, and patents.Identity risks and risk management particularly insurance requirements.Determine when outsourcing management and team infrastructure is the best course of action.Identify potential suppliers including POS system, accounting, legal, furniture, products…Identify a potential location. Why?What is unique about your business that you must consider? APA format and Word .doc/.docx format is required.

 

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