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 Suppliers
Choose Your Business Location & Equipment
How to Choose the Best Location for Your Business
Estimating Startup Costs
Advertising: The Basics
Insurance
Risk Management for a Small Business
Business Technology Simplified – Module 1
2. Review the following Entrepreneur resources:
How to Find and Work With Suppliers
How to Find the Best Location
10 Things to Consider When Choosing a Location for Your Business
7 Illusions to Shed in the First 100 Days of Your Startup
3. Watch the following TED talks:
Dan Ariely: Are we in control of our own decisions?
Risk Management: Chris Davenport at TEDxMileHigh
Rory Sutherland: Life lessons from an ad man
Morgan Spurlock: The greatest TED Talk ever sold
Richard Seymour: How beauty feels
4. Review the following additional resources:
Business: Ten Laws of Prime Business Preparation
Best Business Location
Assignment 2: Early Management Decisions
Prepare 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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