Exercise 4: Directions: List down ten (10) business ideas you wanted to venture if given the chance to be an Entrepreneur someday. 6. 1. 7. 2. 3. 8. 4. 9. 5. 10. ck for Understanding in
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- For a startup it is better to have generalists or specialists.justify answerLikert 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 EntrepreneurWhy is strategic planning important for entrepreneurs? (1000 words please!)
- 1. Write 2 products/services you want to pursue if you become an entrepreneur. 2. Identify your target market by answering the following question in the box provided below. a. WHO are your target customers? b. WHY are you targeting those people? c. WHAT is your goal in targeting these customers? Product/Service Target Market Who: 1. What: Why: Who: 2. What: Why: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?Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why? (200 word)
- Develop the idea for a new digital startup. Explain 1)2Motivation 2) What problem does it solve? 3) Value Proposition 4) Why do you think the idea will work? 5) Business Model 6) Business Plan (including the funding) 7_ Future Growth ProspectsThe future that you want to build or create for your company is referred to as .............. Select one: O a. prediction. O b. mission. O c. vision. O d. goal. To be successful, entrepreneurs should avoid notCreate an introduction to your business plan. It must contain a business model and business concept. (My business is all about the trendy clothes)
- REFLECTION: 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,4. Discuss the importance of a market pian and say how it would be effective in your start-up business.Linda Henricks is thinking about starting a firm in the home health-care provider industry. When asked by a potential investor if she had studied the industry, Lind replied, “With the aging of the population and the fact that people are living longerthan ever, the home health-care provider industry is so full of potential it doesn’trequire formal analysis.” In what ways will Linda limit her possibilities with the potential investor if her current attitude about the importance of industry analysisdoesn’t change?