Unit 1 Activity: Developing Your Own Business
Quick Video on this project
Step 1: Create your own fictional business! This will be developed throughout the course so please pick something you are authentically interested in pursuing.
Step 2: Answer the 6 questions about your business on the activity page/below:
**Please pay attention to these questions. Some are very specific to lesson 5 and 6 of this unit. Especially "What kind of ownership will your business have?", "What kind of structure will it have initially?", and "When might it make sense to incorporate another kind of business structure?
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Step 1: Create your own fictional business! This will be developed throughout the course so please pick something you are authentically interested in pursuing.
Step 2: Answer the 6 questions about your business on the activity page/below:
- What is the purpose of this business and what is its product?
- How will the business benefit the community?
- Assuming the business begins as local, how far do you intend to expand and why? If the goal is to remain local, explain why.
- Who will the owners be and what kind of ownership will it have?
- What kind of structure will it have initially?
- Under what conditions would it make sense to incorporate another kind of structure? Explain why the structure you choose fits these conditions.
**Please pay attention to these questions. Some are very specific to lesson 5 and 6 of this unit. Especially "What kind of ownership will your business have?", "What kind of structure will it have initially?", and "When might it make sense to incorporate another kind of business structure?
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