Come up with a business you might want to create in the future. Your task is to write a reflective/research paper where you will discuss the creation of a made-up business and a similar famous real business within the same industry as yours. Please include the following in your paper.
What is the name of your business? What form will it be? Why? (For example, Sole Proprietorship, Partnership, Corporation, LLC, etc…)
Why did you choose to create a business in this particular industry?
Research a famous business within the same industry as yours. Look for the following information…
What is the name? What form of business is it? Why did they choose this form and why they chose this particular industry?
What is the working environment like? How do they treat their employees? (For example, do they provide training, bonuses, paid vacations, etc…)
Discuss their marketing approach
Discuss their pricing approach
How and where do they produce their products?
In general, what makes their business stand out?
What things would you do similarly and what would you do differently as them when it comes to running the business?