Too often, entrepreneurs brimming with optimism and enthusiasm launch businesse

Too often, entrepreneurs brimming with
optimism and enthusiasm launch businesses destined for failure because
their founders never stop to define a workable strategy that sets them
apart from their competition (1).
Overview
With this assignment, you have the
opportunity to take your creative ideas to the next level and begin to
develop a strategy that will form the foundation for a successful
business.
Instructions
Write a 3–4 page paper in which you:
Develop an idea for a prospective small business and select a name for the company.
Identify its key competitors and summarize the strengths and weaknesses of one of the competitors.
Prepare a mission statement that encompasses the purpose of the business and considers its target market.
Identify the ownership form for this business, taking into
consideration tax implications, liability exposure, managerial ability,
and cost of formation.
Include at least two references outside the textbook

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