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    Grace Cordell's 2022 senior project focused on small business management. She shadowed Elizabeth Cunningham at The Everything Zen store in Watertown, SD, where she observed customer interactions, inventory sorting, and the point-of-sale system. Through this experience and research, Grace learned the benefits of purchasing an existing franchise over starting a private business, such as the structure and support a franchise provides to new owners. While Grace ultimately decided not to pursue a career in small business management, she enjoyed the learning experience and gaining insight into starting and running a small retail business.

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    Grace Cordell's 2022 senior project focused on small business management. She shadowed Elizabeth Cunningham at The Everything Zen store in Watertown, SD, where she observed customer interactions, inventory sorting, and the point-of-sale system. Through this experience and research, Grace learned the benefits of purchasing an existing franchise over starting a private business, such as the structure and support a franchise provides to new owners. While Grace ultimately decided not to pursue a career in small business management, she enjoyed the learning experience and gaining insight into starting and running a small retail business.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    18 views14 pages

    Small Business Management

    Uploaded by

    api-568505563
    Grace Cordell's 2022 senior project focused on small business management. She shadowed Elizabeth Cunningham at The Everything Zen store in Watertown, SD, where she observed customer interactions, inventory sorting, and the point-of-sale system. Through this experience and research, Grace learned the benefits of purchasing an existing franchise over starting a private business, such as the structure and support a franchise provides to new owners. While Grace ultimately decided not to pursue a career in small business management, she enjoyed the learning experience and gaining insight into starting and running a small retail business.

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    © All Rights Reserved
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    of 14

    2022 SENIOR PROJECT

    SMALL
    BUSINESS
    MANAGEMENT
    by Grace Cordell
    OVERVIEW
    INTRODUCTION PRODUCT
    Why did I choose this The situation
    field? The solution
    The process
    SHADOWING AND CLOSING &
    RESEARCH QUESTIONS
    Who/Where did I shadow?
    What did I learn?
    Research Essay
    INTRODUCTION
    INTRODUCTION
    Why did I choose this field?
    I'm pursuing teaching as a
    career
    Shadowing opportunities
    Used to have an interest in
    small business management
    Many options for
    shadowing nearby
    SHADOWING
    AND RESEARCH
    ESSAY
    SHADOWING
    Who and Where?
    Elizabeth Cunningham/Price
    The Everything Zen in Watertown, SD
    What did I see?
    Customer interactions
    Inventory sorting
    POS system
    What did I learn?
    Knowledge of products
    Returning customers
    Productivity
    RESEARCH ESSAY
    QUESTION CLAIMS
    Should a new business owner A franchise offers far more
    consider purchasing a franchise as structure, which is better for brand
    opposed to creating a private startup new owners.
    business? Business Model
    THESIS Customer Base
    Franchisees have more
    The better option for new business opportunities to learn.
    owners is buying an existing Independent retailers have to
    franchise as opposed to creating a learn more before they start.
    private startup.
    PRODUCT
    PRODUCT
    THE SITUATION
    Small business owners rarely have enough money to jumpstart their business
    Often need loans

    THE SOLUTION
    Small Business Administration loans Curiosity Cove Bookstore
    7(a) loans Loan application

    THE PROCESS
    Retail space SBA Forms Lease
    Expenses Business License Floor Plan
    CLOSING
    REFLECTION &
    FUTURE PLANS
    REFLECTION
    Knew I wouldn't go into this field
    Still enjoyed the experience
    Learned a lot about more than this
    FUTURE PLANS
    USD ~ English Education
    Honors Program
    Secondary English
    Masters? PHD???
    ACKNOWLEDGEMENTS
    Mr. Rudebusch
    Elizabeth Cunningham/Price
    My Parents
    Emma DeWall
    Brianna Zimny
    Panel Members
    THANK YOU FOR
    LISTENING!
    Now, any questions?

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