Select asmall business that you visit often (e.g., coffee sh

Select asmall business that you visit often (e.g., coffee shop, bookstore, sportinggoods store, etc.). Write a 6-8 page paper in which you:Craft a brief (1-2 pages)strategy for a business concept that would directly compete with the smallbusiness you selected. Explain the rationale for the strategy in detail. Determine if it would make moresense to open the new business you describe or to purchase the existingbusiness you selected. Explain your reasoning.Discuss the most appropriateform of ownership for your new business (assuming your current financialsituation).Outline a business plan foryour business. Visit for tools and templates. Include at least two (2)references outside the textbook.Yourassignment must followthese formatting requirements:Be typed, double spaced, usingTimes New Roman font (size 12), with one-inch margins on all sides; citationsand references must follow APA or school-specific format. Check with yourprofessor for any additional instructions.

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