Required Resources
Read/review the following resources for this activity:
- Textbook: Chapter 5
- Lesson
- Minimum of 1 scholarly source
Initial Post Instructions
Consider a small business you want to create. In your post, address the following:
- What type of business would you create?
- Conduct some research on companies offering a similar product. What distinguishes you from your competitors?
- Name 2-3 risks you need to consider in your new venture? Consider the risk factors similar companies may have encountered.
- How could you leverage e-commerce and social media to make your business profitable?
ANSWER
Entrepreneurship is the future of the business world, considering even existing businesses must innovate to remain relevant. Gitman et al., (2018) noted that successful entrepreneurs are passionate, creative, committed, and risk-takers. In my case, I am passionate about healthcare and my goal is to help and facilitate recovery, healing, and better living even after a health condition has occurred. I would create a business in the… To access all the answers, click on the purchase button below.