Critical Thinking Business 1000

In: Business and Management

Submitted By pc01983
Words 316
Pages 2
Imagine you are considering starting your own business.

1. What kinds of products or services will you offer?
One of my favorite things to watch is soccer, specifically the European leagues. When I travel I have found it difficult at times to watch the games I want and it could just be me but I haven’t found a website that covers all the leagues. Some sites cover certain leagues but not others. I would provide a website that covered all European leagues, Asian leagues, South American leagues and the US. 2. What talent or skills do you need to run the business?
I would need the skill to run a streaming website and be able to manage and negotiate broadcast rights for the various leagues around the globe. With that in mind I would need an understanding of business practices in all the countries that have leagues.

3. Do you have all the skills and resources to start the business, or will you need to find one or more partners? If so, what skills would your partners need to have?
I would have to find more than one partner. With the rapid communication of the internet I think it would be possible to run the operation from a single country but to help with the streaming we would have to have server sites around the globe to help with the data flow as well as have a human representative familiar with the countries business practices be able to answer and respond to questions or problems quickly.

4. What form of business ownership would you choose-sole proprietorship, partnership, C corporation, S corporation, or LLC? Why?
I think I would choose a C corporation to help the company grow and expand. This would also allow for new shareholders and stockholders to come into the company and raise more capital. This would also allow for future…...

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