Evaluate New Business or New Franchise to Consider Overview

Evaluate New Business or New Franchise to Consider Overview

Evaluate New Business or New Franchise to Consider
Overview
Write a 5 paper evaluating the advantages and disadvantages of:
 
Starting a new business.
Buying an existing business.
Buying a new franchise.
Then identify an actual new business or a franchise opportunity (in a new location) you would consider starting and operating, explain the reasons why, and specify which legal structure you will use to structure your new venture.
 
Instructions
Use the Evaluate New Business or New Franchise to Consider Template [DOCX] located in the resources for this assignment.
Using the template, address ALL of the following issues:
 
Provide at least three (3) benefits and three (3) risks associated with each option.
Evaluate which model suits your personal preference and explain why. (Note: While you may be interested to buying an existing business, for the purposes of this course and the subsequent assignment related to this new venture, you must focus exclusively on a new business or new franchise in a new location.)
Identify an actual new business or new franchise opportunity you would consider starting and what kind of product(s) and/or service(s) you would like to sell. Explain the reasons why you focused on this specific market area and venture type. Please only consider a new for-profit business (or franchise) for purposes of this course. There are upcoming assignments that require feasibility, competitive, financial, and profitability analyses related specifically to a new for-profit business or franchise.
Specify which legal structure you will use to structure the new venture and explain the reasons why.
Note: Assume this is an actual new venture you will plan for, set up, launch, and operate. To make this assignment meaningful, interesting, and relevant to you, select something you are really interested in and/or are passionate about. Treat it as a real endeavor, something you are responsible for making happen.
 
The specific new venture you identify and select (new business or new franchise) will be used as the basis for the remaining course assignments you will complete going forward.
 
Formatting Guidelines
Length of paper: Use the template linked in the Resources. The body of your paper must be 5–6 full single-spaced pages, not including the Title (Cover), References list or Appendices.
Section Headings: Use the template provided.
Written communication: Your paper should demonstrate graduate-level writing skills and should be free of errors that detract from the overall message.
References: Support your paper with at least 3 academic resources from the Capella library. You must follow current APA style to list your references. Refer to the Capella Writing Center’s APA Style and Format module for more information.
Formatting: The Evaluate New Business or Franchise to Consider is a professional business document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines, which can be found in the MBA Program Resources in the courseroom navigation panel.
Font and font size: Times New Roman, 12 point.