Description
Write on page
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Attached.
Running head: SMALL BUSINESS CHALLENGE
Small Business Challenge
Institution Affiliation
Date
1
SMALL BUSINESS CHALLENGE
2
For many entrepreneurs, starting a business is one of their biggest achievements.one
of the greatest challenges that face small or large business is one of maintaining it. The idea
that Jack and Bruce have of starting a retail store that sells low-fat cookies and muffins is a
good one (Buttars, 2014).The two will need to do more research on the available market and
the best location for the retail store. The chosen location will have a huge impact on the
success of the business in the long term since all locations are the same. Before starting out it
would also be good for them to have other people taste the product and give them feedback
that would help them in making the final decision.
There are several concerns that Jack and Bruce have not looked at before starting their
business. Jack and Bruce need to know that getting a clientele that would appreciate their
product might not be easy (Buttars, 2014).They have also not considered that the amount of
money they have might not be enough and they, therefore, need to identify another source of
income. They will also need to determine if they will start with a single store or multiple
stores and how many locations they will be in.
I would advise Jack...