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If you have Php 1million, what business will you build? What will make it different from your competitors?
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- As would-be entrepreneur, you are tasked to write down at least 3 career opportunities which attract you most. Indicate what competencies you need to enhance in order to become successful in these opportunities. Explain your answer.Create 150 questions like the following for a pastry shop: Do you have the financial capacity for this type of business? Do you have the raw materials available and nearby? Do you have qualified labor available? Is labor expensive? Do you have the technology you require available? Is it necessary to dedicate a lot of time and effort? Do you have skills to manage this type of business? Is the business idea innovative? Is it easy to sell the product? Are there government policies or franchises or subsidies for your product or activity?Propose a new business that has not be started yet in 2023 and you are willing to establish on this type of business .
- You plan to open a new business. Before you can approach a potential investor, you will need a strong plan. Describe the purpose and components of a business model and write a one-paragraph business model description for a business of your choice.What questions do you normally ask to have a successful career? Explain.What are the general strengths and weaknesses of large hotel chains, motels and Airbnb? Explain how you would compare and contrast those businesses.
- discuss how this equation can be distilled into two component ratios: ‘margin’ and ‘turnover’, and explain how the relationship between these component ratios gives an entrepreneur a tool to maximize profitability.Imagine yourself as a entrepreneur / founder of a business . You want to expand the business and you need capital to that do . Your potential investors need to know about , Write a paragraph on each of the following points : • You ( and your related / relevant experience ) • Your product and it's market ( source of supply , level of demand etc ) • Your business idea • The reward they might obtain from investing in your business ( financial reward , prestige etc .Why is it important to understand the drivers of profitability, as measured by ROIC?
- Describe how the internet has helped a certain business operate more efficiently. Could you provide an example and describe its likelihood of being profitable?Why is it important to know the market size of the the business? Please explain thoroughly.Suppose you are president of the Entrepreneurial Association of Beckon College (EABC). EABC is a new students’ association in the school of business and has 50 members. It was formed two years ago when the department of management instituted a major in entrepreneurship. One of the purposes of EABC was to promote entrepreneurship as the major and minor course of study at the college. To further this purpose, the association recently voted to institute an annual Rs.18000 EABC scholarship. The scholarship will be awarded on the basis of merit to a junior or senior business student majoring in entrepreneurship at EABC. Funds for the scholarship will be raised by selling coffee and doughnuts each day from 7:30 to 10:30 a.m., in the main corridor of School building. Required: On behalf of Manager Admission, write a memo giving all details to the principal asking permission to start fund raising project in February.