Likert scale (5- strongly agree, 4- agree, 3 - neutral, 2- disagree,1- strongly disagree) questions about: 1. Positive Mental Attitude of an Entrepreneur
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Likert scale (5- strongly agree, 4- agree, 3 - neutral, 2- disagree,1- strongly disagree) questions about:
1. Positive Mental Attitude of an Entrepreneur
2. Creative Mindset of an Entrepreneur
3. Persuasive Communication Ability of an Entrepreneur
4. Intrinsic Motivation and Drive of an Entrepreneur
5. Tenacity and ability to learn from failure training of an Entrepreneur
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Solved in 2 steps
- For a startup is it better to have generalists or specialists.justify your answer and discuss both advantage and disadvantage of having generalist and specialistsEntrepreneurs are able to identify opportunities even in adverse and difficult situations. To which one of the following important personal characteristics of an entrepreneur does this statement refer? a. Involvement in the business b. Positive attitude and approach c. Commitment to the business d. PerseveranceWhat's New Principles, Tools, and Techniques in Creating a Business To start a new business, an entrepreneurs needs to have a plan to start a business, as one of the best practice entrepreneurs to identify needs of the community to start a business. Based on your inquiry whether by interview or survey through print or online, now, I would like you to identify 5 major needs of your community and rank them according to order of priority from 1 being the highest and5 lowest and describe business opportunities that can be created. Activity 1. Fill the table below Needs of the Community Business that can be created Rank 1. 2. 3. 4. 5.
- Which of the following skills do you believe is the most important to make a successful entrepreneur? Why do you believe this skill is of such importance? What makes it more important than the other skills? persuasion, leadership, personal accountability, goal orientation, and interpersonal skillsGive a short explanation for each items Why NOT to be an Entrepreneur Uncertainty of income Risk of losing entire invested capital Lower quality of life until business gets established High levels of stress Complete responsibilityREFLECTION: If you're thinking about starting a business, most likely you have dreamed of one that involves your interests. But, what does the market need or want? Do you know who is buying what and how much, or how, where and why they are buying those goods or services already? Determining the marketability of your start-up business is typically done in the context of creating a business plan and performing an analysis of your competition. It requires research into areas of marketability,
- Imagine that you want to start your own business. For your business: (a) Decide on and state a new business concept (the type of business that you want to start and what it does). (b) Decide on and state a name and slogan for that business. (c) Consider at least three different types of business entities (e.g., corporation, sole proprietorship, LLP, LLC, general partnership, LP. S-Corporation), and choose one of those three types of entities as the form of business organization for your new business. (d) List the three types of entities that you considered and provide three reasons that the type of entity you chose for your business is better than the other two tvpes of entities (vou may wish to consider some of the following: ease of formation, tax consequences, management rights, duration, liability, and transferability of ownership (e) Develop a brief marketing strategy for your new business, and state your marketing strategy, including short-term and long-term strategies (f) Will…Assume that you are planning to start a new business Clarify 1-why you choose this business idea 2-what is the opportunity you found in the market to spot this opportunity?3-What the discovery skills you used to find business idea?Entrepreneurial activity is fairly evenly spread out over age ranges. Select one: True False
- Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.Develop a business idea not exceeding 500 words. If you have an opportunity to start a business, what kind of business will you start? Mention about: (i) The industry and product/service you are interested in. (ii) State why you are interested in that business. (iii) Who will be your customers and competitors? (iv) The initial amount you may require starting your business.What are Misconceptions about Entrepreneur Drew Houston, Founder of Dropbox?
