Planning to start own neighborhood restaurant

Assignment Details

For this discussion, it has come to your attention that a friend is planning to start his own neighborhood restaurant. He claims that he does not need a business plan because he is not going to seek a bank loan, and—at least initially—he does not plan to hire many employees because the restaurant will be run by family members.

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Create a list of at least 5 reasons why he should create a business plan, in the process explaining why it will be valuable for his new enterprise.

Discussion Board Reminders:

Connect to content: At least 1 post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the content.

Engaging in class discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards.

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