(Solution) BUSN115N Week 3 Discussion: Entrepreneurship

Week 3 Discussion: Entrepreneurship

Required Resources

Read/review the following resources for this activity:

  • Textbook: Chapter 5
  • Lesson
  • Minimum of 1 scholarly source

Initial Post Instructions

Consider a small business you want to create. In your post, address the following:

  • What type of business would you create?
  • Conduct some research on companies offering a similar product. What distinguishes you from your competitors?
  • Name 2-3 risks you need to consider in your new venture? Consider the risk factors similar companies may have encountered.
  • How could you leverage e-commerce and social media to make your business profitable?

Follow-Up Post Instructions

Respond to at least one peer. Further the dialogue by providing more information and clarification.

Writing Requirements

  • Minimum of 2 posts (1 initial & 1 follow-up)
  • APA format for in-text citations and list of references

Grading

This activity will be graded using the Discussion Grading Rubric. Please review the following link:

Solution:

I would like to venture into the field of interior décor. This is the art of planning, organizing, and executing furnishing, decoration, and layout of an architectural interior. For years now, I have had a passion in the field. In my leisure time, I like to read interior décor-related content and watch related films. I have also had the honor of designing and redesigning my home, my parents’ home, and my friends’ homes. I find great pleasure in transforming a space into a home as per the owners’ preferences.

Currently, there are multiple players in the industry, both at the state and federal level. Some of the renowned national interior décor companies include Bates Masi + Architects, Decorilla Interior Design Firm, and Kelly Behun Studio (Decorilla, 2021). These companies have earned great reputation, multiple design awards, and have economies of scale. I would brand my business as providing affordable and personalized services. Most customers looking for interior…Please click the icon below to purchase full answer at only $5