Write an eight (8) page paper in which you:
Assess risk for your business.
- Identify and evaluate the main sources of risk for your business.
- Explain your plan for dealing with risk by developing a contingency plan.
Address your strategies for growth for the business.
- Describe and justify your penetration strategy or explain why you do not have one.
- Describe and justify your market development strategy or explain why you do not have one.
- Describe and justify your product or service development strategy or explain why you do not have one.
- Describe and justify your diversification strategy or explain why you do not have one.
- Evaluate and justify which (if any) of the three main growth strategies makes the most sense for your business: franchising, joint venture, and acquisition. If another strategy makes more sense, propose and justify it.
- Predict and explain your business’s likely growth in two (2), five (5), and ten (10) years from your business start date.
- Research and cite at leastsix (6) reputable academic sources.
Your assignment must follow these formatting requirements:
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- Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.