To Build or Buy a Small Business Essay examples - 2047 Words

402 Small Business Professor, Ricardo Toye | To Build or Buy | Week 4 Assignment 1 | Cornelius Gaskins 1/22/2013 | Craft a brief (1-2 pages) strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail. â€Å"It Bakes Good,† with a delicious flavor that is sure to please. Watching customer’s satisfaction is the goal. Developing a Bakery as a counter business with a competitive strategy to navigate through barriers set up by existing Bakeries is the plan at hand. The initial bakery is deals with pastries, breads, croissants and coffee, teas and other beverages. This†¦show more content†¦The usage of the current customers has an appeal since the current business operations has been consistent on the profit where the purchasing of inventory and the cash register receipts have indicated. The lack of similar Bakery businesses in the general area continue to be a plus for the location and buying the existing Bakery would limit competition for awhile. Considering remodeling cost, purchase price as opposed to starting a new business cost buying the existing business appears to be a better financial bargain. For the existing business the baking and dishwashing equipment are in satisfactory working order. The purchasing a grill to prepare food has a reasonable cost and the food prep area is already in place. The dinning area will require the purchase of tables and chairs that would have to be bolted to the floor during remodeling. Comparing the requirements for initiating a new business as opposed to buying an existing business, the buying of the existing business has the better appeal based on how the later is up and running. While the new business has some hurdles may exist as far as the condition of theShow MoreRelatedAdvantages of Starting Up a Business1109 Words   |  5 PagesAdvantages of Starting up a Business * Being your own Boss  - you can make your own decisions, keep your own time and not have to answer to The Boss * Hard Work amp; Know How  - If you are a hard worker and / or have immense industry know how, you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence  - One day, you may realise your dream of financial independence * Creative Freedom  - no more restrictions, youRead MoreAnalysis Of Geoffrey B. Small Is Big On Quality, Customers, Community970 Words   |  4 PagesCase Study 1.2 â€Å"Geoffrey B. Small is Big on Quality, Customers, Community† is about a leading fashion designer that does not want his customers to think about the brand name, color, style or price of the fabrics they wear. 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