1. Present the fundamental facts. 2. List possible advantages and disadvantages inherent in each type of business...

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Question:

1. Present the fundamental facts.

2. List possible advantages and disadvantages inherent in each type of business to be evaluated and compare them. Make a recommendation. Remember, there are capital requirements for each type of business and it is very possible that it requires some type of financing.

3. What relevant aspects does Miguel have to face in order to plan his business? Take into consideration what was sent to you and what was discussed in the course on preparing the Business Plan.

Mr. Miguel Salas is a 50-year-old individual who has worked 25 years with the government, but has decided to try to start a business as a means of supplementing his income and after taking advantage of an early retirement plan window, to work on his business proposal full time, for which he has $ 5,000 in savings and a savings balance in his retirement plan, of about $ 20,000.

He is between deciding to establish a franchise business of a gas station, a bakery or a grocery store. You need to know all the basics to start the business, including how to plan it and it has appealed to you, to guide you and make recommendations.