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Issues to Consider for Starting Small Business

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What are four small business opportunities that need to be considered when starting a new business? If you were to start a new small business in today's economic environment, which opportunity would you chose? Provide your reasons to support your answer.

250-300 words please.

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Solution Summary

This solution outlines issues that must be considered when starting a new business. It also outlines a potential new small business based upon the current economic environment

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Before starting a new business it is important to consider several issues, including your experience, the market, the economy and the amount of time and money you have to devote to the opportunity. Each of these items are important: one would not want to be involved in a clothing businesses if they knew nothing about fashion, manufacturing, or retail. It would not make sense to open a car dealership in a marketplace that ...

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Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
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