Developing a Sustainable Small Business
Now it is time to pull together all the elements that have been presented in the course material throughout the term. Next, go back and review the weekly discussions we had.
You will then write a 3–5 page paper in which you use this new knowledge and proven strategies to respond to the five statements below.
Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan.
Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets.
Discuss the importance of knowledge management in the digital age and identify two risks organizations must address to mitigate competitive pressures.
Consider the various components of a business plan and identify two components that you believe would be the most challenging for you as an aspiring entrepreneur.
Describe how technology could help overcome identified business plan challenges.
Locate and integrate at least two supporting sources from the Strayer Online Library or other reputable sources.
This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.
The specific course learning outcome associated with this assignment is:
Evaluate the components of a business plan related to forecasting, networking, and knowledge management.

*You can use any business*