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As a consultant, critically assess John’s entrepreneurial potential by identifying and
discussing key characteristics and skills that are most critical to his entrepreneurial success.
Provide relevant examples that will support the assessment (use examples from other
technological innovators in this field, when discussing the characteristics and skills, the
details from the examples must be clearly stated).
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- Suppose,You are an entrepreneur and need to prepare a business plan to present in the investor's meeting.Write down to executive summary, objectives,mission ,vision and keys to success of your business plan.Now that you have identified a problem, provided a business idea to solve the problem and alsoreflected on your own entrepreneurial characteristics and possible business risks, you are nowgoing to interrogate whether your idea is indeed a business idea or a business opportunity, youwill also analyse the environment to assess whether environmental conditions are favourable foryou to enter into the business world.As with other tasks, you will need to conduct research beyond the textbook in order to completethis task.1. Justify whether your proposed solution/idea meets the characteristics of a successfulproduct or service idea.NB: Refer to characteristics of a successful product or service idea.Answer the following briefly. Cite examples if necessary. Define entrepreneurship Identify the characteristics of successful entrepreneurs Identify the critical components of an effective business plan Discuss the competitive forces that determine industry profitability Articulate a new venture’s business model Explain the business planning process Describe how to create strong ethical culture in an entrepreneurial venture
- You have been employed at Small Enterprise Finance Agency (Sefa) as a mentor for up-and-coming entrepreneurs. The client comes to you requiring to be mentored in starting his business. However, he has no idea where to start. As a mentor of prospective entrepreneur provide and advice about all the aspects the client has to take into consideration when starting a business ventureEnumerate what are some effective strategies for funding a new business, and how do entrepreneurs decide which strategy is best for their specific needs?Discuss the importance of financial statements in the strategic planning process of an entrepreneurial venture. (please answer asap)
- • What are the requirements for a career in entrepreneurship? • How much can I make with a career in entrepreneurship? • What skills do I need for entrepreneurship career?One of the first steps for starting your own business is to decide what type of business you want to start. Take some time to think about this decision. Before proceeding, answer the following questions:• Why did you choose this type of business?• Why do you think this business will be successful?• Would you enjoy owning and operating this type of business?of tion Determine whether the following statement is true or false: Finding a suitable buyer is the most important consideration when developing an exit strategy for an entrepreneurial venture. Select one: O a. True; if the buyer is inexperienced, the company risks financial loss and long-term failure. O b. True; a business's valuation is determined by the buyer's financial resources. O c. False; there are numerous factors to consider, including company valuation and personal goals/objectives. O d. False; the most important consideration for an entrepreneur is profitability. 4
- You are about to finish the business degree in near future. There are different options afterwards, most of the students seek job opportunities, and many of the students decide to manage their family businesses. In recent times, entrepreneurship studies got much interest among young graduates and people tend to establish independent units. If you choose to become an entrepreneur, why would you choose to be? In case you choose not to become an entrepreneur, what would be the reason? Also prepare your own SWOT analysis.Respond to this with 180 words. Mention any verifiable high performing and a reputable company (local, national, or international) that you are quite familiar with and reflectively justify that it is imaginative, creative, innovative, and entrepreneurial. Explain the differences, interrelationships, and interdependences between the imaginations, creativities, and innovations of this company as well as their connections and importance to entrepreneurship, and their influence on the profitability and sustainability of this company.What are the entrepreneurial qualities that enable the entrepreneur, "Drew Houston", the founder of Dropbox, to succeed in his company?