Create a budget for a business you may want to open. If you can't think of a business then use a restaurant as your model. Address the following: how would you scale your business and what would be the least amount of money that you would need to start?

Think about something you do with passion or expertise—a dish you like to cookand eat, a sport you play, any unique skill or ability you’ve developed—and figure outa way to turn it into a small business. For example, you like baking cookies, so youopen a bake shop, or you like hockey and could imagine an improved stick to inventand market.Questions:1. If your business is like most others, you’re going to need some money to get itup and going, more money than you’ve got right now. That means you’ll need tofind a partner for your venture, someone to help you get the cash together andthen run things afterward. Would you prefer a utilitarian or an egoist for yourpartner? Why?2. Assume that doing good in society and not just doing well (making money) isimportant to you. Within the business you have in mind, with which of these threeoptions do you suspect you’d accomplish more general good? Just making money and trusting the invisible hand to take care of the rest Making money and donating part of it to charity—that is, to peoplespecialized in serving the general welfare Attempting to do good within your business by, for example, buyingrecycled materials or by paying wages slightly above what people could getfor the same work at other companies3. Is there a potential cause egoism angle to your business? Could you set it up tomake it seem like the reason you’re running your enterprise is to help otherswhen really you’re just trying to make money? For a consequentialist, is thereanything wrong with that?

When starting a new business, the first step should be to…Find a location for the business.Name the business.Seek start-up capital.Write a business plan.Show your work or leave a comment

Multiple Choice QuestionSmall businesses often require ______ money to start and maintain than do larger businesses.Multiple choice question.moreless

Question 5An independent food truck vendor wants to grow its customer base. Which of the following is a specific business goal for this company? 1 pointWe want to increase our number of customers by 50% over the next 12 months. To do that, we will add two popular specials as standard menu items and introduce an efficient mobile payment kiosk. We want to increase the number of customers that we serve each year to increase our year-over-year revenue. To do that, we will sell more meals and make it easier for customers to pay. We want to increase our total number of customers this year. To do that, we will introduce more menu items and make it easier for customers to pay for their orders.We want to increase the number of meals we sell.

Discuss any five contributions and five challenges of small-scale business.