Select a conceptual small business startup venture that you would like to plan, develop, and operate for this and subsequent individual assignments leading up to a complete Financial Prospectus due in Week 5. This venture needs to be for-profit and require two sources of external capital. The start-up costs needs to be at least $250,000.
If you do not have a particular business in mind, the small businesses for sale listings found in your local newspaper or through the Internet may provide some interesting ideas and opportunities.Write a 600 to 800-word paper in APA format in which you do the following:
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- Describe the conceptual venture that you would start if you had the resources. Include details such as the number of employees, the type of facilities and equipment needed, target customer demographics, and marketing channels.
- Research at least one current company that is an appropriate benchmark to your venture. Describe how this benchmark company started financially and how it has grown. Compare this company to your conceptual venture by discussing how your venture might be funded similarly or differently. If all the details are not available, you may make assumptions for the sake of comparison.
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