400 word minimum

MANAGEMENT PLAN

Referring to your small business venture idea created in Week One, discuss the following:

1. Write appropriate vision and mission statements for your venture.

2. Which type of legal form of business ownership will you use: sole proprietorship, partnership, or corporation? Why?

3. Many small businesses operate in an industry dominated by big brand franchises. Evaluate the pros and cons and explain why you will or will not be part of a franchise system.

4. Regarding your decision-making and control/authority, will you deploy a centralized or a decentralized organizational structure? Explain your rationale.