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Posted: April 13th, 2023
Discussion topic:
1) You have the option of opening your own business or being employed by someone else in a similar type of business. What are some of the considerations in terms of opportunity costs that you would have to include to arrive at your decision?
Respond to this threat with a short paragraph answering the question. Provide detailed information about the opportunity costs that you consider important to your decision and explain why they are important to you.
2) Read the article Small Business Statistics: 19 Essential Numbers to Know (2019). As you begin this course, think about what business you would like to open or get involved in. Share a brief overview of your business and decide on at least 5 statistics mentioned in the article that would be important to your business. Explain why they are important and how you intend to use statistical data to ensure that your business is viable and / or sustainable.
https://www.fundera.com/blog/small-business-statistics
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