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- 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)Good planning forces entrepreneurs to anticipate several things for his business. What are they?IS MOuue Will aiscuss the proper and efficient ways of starting a business. You will be introduced to the entrepreneurial process, which starts with identifying and evaluating the opportunity. The heart of this module is the scanning of the marketing environment where you formulate a product or service 'solution applying the techniques of seeking, screening, and seizing opportunities. As a result, you will deal with analyzing the need of the market, think of the potential set of products or services that will meet the need, assess the feasibility of the solution, and select the best product or service that will address the need. PRE-ACTIVITY. Directions: Answer the following. 1. In a scenario where you are creating a product to selI, what are the things that you'need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to iput up a business? 3|Page
- CAN YOU PLEASE EXPLAIN WITH CALCULATIONS. THANK YOU VERY MUCH Sky is the owner of a small business called Sky's Skateboards. Sky, who grew up in a circle of avid boarders, started the business last year, initially adding cool designs to her siblings' and friends' skateboards. After a year of painting skateboards, Sky realized that her add-on design business was slowing down, but there was unmet local demand for custom designed skateboards. Many people had seen her designs and shown up at her doorstep looking for new skateboards for themselves, their kids, or their significant other. Over the holiday season, Sky had done some research and found she could order quality skateboards in basic colours (black, white, blue, etc) for $50 each. She expects to sell boards for $100 each after designing them. If a customer wants to request a specific design, she will charge a premium and sell the skateboard for $125. For the past year, Sky has customized used skateboards for $30 each (the…Wanted: Entrepreneur by Ron Wirtz A working definition: A bird's-eye view shows a lot of research on this topic of late. For example, the Entrepreneurship Research & Policy Network (part of the Social Science Research Network) was started in March 2006 and already consists of more than 4,300 papers. Babson College's most recent annual compendium of entrepreneurship research includes close to 200 papers in 26 categories. Universities are adding faculty and entire programs to study and teach entrepreneurship. In 1996, the Kauffman Foundation and the University of Maryland started what would later become the Global Consortium of Entrepreneurial Centers. Today, the network includes more than 200 universities. Such activity and attention has improved our understanding of entrepreneurship, particularly here in the United States. For example, we have a much better idea of the socio-demographic characteristics of entrepreneurs: Men are more likely than women to start their own business;…EveryDay Co. is a 24-hours grocery chain operated by you and other 2 partners. It is said that after launching the company, many disagreements arise due to the fact that each partner has its own way of running the business. Based on the case above, kindly answer the following questions. 1. If you were to launch the company today, outline what steps you would need to prevent such things to happen. 2. Given the case above, who is your target market? 3. Which industry would it fall under? Is it a profitable industry? 4. Who is your primary competitors? 5. How can you gain competitive advantage over your competitors knowing that you are a new entrant in the industry?
- As Jane works on her blog business plan, she needs to provide potential investors with her “why,” meaning, “Why will this approach be successful?” What benefits to this method of delivery would you suggest to Jane that would help her to reach her mission of “Changing the world, one bite at a time?”The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty.It Ways Of starting a business. You will U Die entrepreneurial process, which starts with identifying and evaluating the opportunity. The heart of this module is the scanning of the marketing environment where you formulate a product or service solution applying the techniques of seeking, screening, and seizing opportunities. As a result, you will deal with analyzing the need of the market, think of the potential set of products or services that will meet the need, assess the feasibility of the solution, and select the best product or service De that will address the need. • PRE-ACTIVITY Directions: Answer the following. 1. In a scenario where you are creating a product to sell, what are the things that you need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to put up a business? 3 |Page
- 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,For a startup it is better to have generalists or specialists.justify answerMost planning involves strategies for growth. Butis growth always the right direction to pursue? Canyou think of some organizations that should havecontraction rather than expansion as their objective?Do you know of any organizations that have actuallyplanned to get smaller rather than larger to increasetheir success?