Why are you considering starting your own business at this time?
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. Why are you considering starting your own business at this time?
" This solution has been provided in a generalized manner"
- Starting your own business can be a thrilling and fulfilling experience, offering the opportunity to bring your ideas and passion to life while pursuing financial independence and control over your career.
- Whether driven by a desire to fill a gap in the market, a need for flexibility and a better work-life balance, or simply a drive to be your own boss, entrepreneurship offers a unique and challenging path to personal and financial success.
- However, it is also a challenging journey, requiring careful planning, hard work, and the ability to overcome obstacles and setbacks along the way.
- Whether you are just starting to explore the idea of starting your own business, or are already well on your way, the journey of entrepreneurship is one that will test your skills, stretch your limits, and ultimately reward you with the satisfaction of building something truly your own.
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- Why do you like to go to business? If you prefer employment, Why?How do you intend to get yourself (and your money) out of the business?You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $1 million to do with as you please. You are not an inventor, and you do not have a trade skill that you can market; however, you have decided that you would like to purchase at least one established franchise in the fast-food area, maybe two(if profitable). The problem is that you have never been one to stay with any project for too long, so you figure that your time frame is 3 years. After 3 years you will go on tosomething else. You have narrowed your selection down to two choices: (1) Franchise L, Lisa’s Soups, Salads, & Stuff, and (2) Franchise S, Sam’s Fabulous Fried Chicken. The net cash flows shown below include the price you would receive for selling the franchise in Year 3 and the forecast…