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About this document
- Pages
- 5 pages
- Price
- $5 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business, Entrepreneurship
- Module
- GEN 200 · Week 4
This document covers the research strategy for a start-up business focusing on personal care and life skills for elderly and disabled residents. It discusses financial requirements, information gathering, and evaluation processes. It is for Week 4 of the GEN 200 module.
What's inside
- Financial requirements for a start-up business
- Information gathering from credible websites
- Evaluation of information sources
- Using information to resolve business problems
- Conclusion and future steps
Who it is for: For students of the GEN 200 module. (Undergraduate)
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Summary
A business start-up requires financial planning. This document looks at how to find and evaluate information about grants and loans. It also covers how to use that information to start a business.
Business Problem
A business plan to serve elderly and disabled people in one county changed. It now needs to cover two counties. This change needs more money and a bigger office.
Gathering Information
Information came from websites. The Small Business Administration and Federal Grants websites were useful. They offered training and programs for new business owners.
Evaluating Information
Many websites promise grants. Some are scams. The Official Business Link to the U.S. Government site and the Small Business Administration site were helpful.
Using Information
The information gathered will help start the business. It will also help with planning, hiring staff, and following Medicare policies.
Key terms
- Small Business Administration
- A government agency that helps small businesses with loans, training, and advice.
- grants
- Money given by the government that does not need to be repaid.
- business plan
- A document that outlines the business goals, strategies, target market, and financial projections.
- demographic research
- The study of the characteristics of human populations and segments of those populations.
- small business loan
- Money borrowed from a bank or government agency to start or grow a business.
- in-home support
- Services provided in a person's home to help with daily tasks and personal care.
Questions this document helps with
- How do you find reliable information about business grants?
- What steps are involved in starting a business?
- How do you evaluate the credibility of a website offering business advice?
Summary written with AI from the document's text.
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