You run a travel business in a big city. You have numerous corporate customers, but growth has stagnated. Some long-term workers are discouraged, but you think technology may help you. Do a SWOT analysis to identify your business's strengths, weaknesses, opportunities, and threats.
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- The three important reasons why a person would choose to be an entrepreneur instead of an employee can be highlighted through the following points: Step 2 Sense of Accomplishment: People who are more self-driven and have a deep sense of achievement and desire for self-accomplishment are never satisfied with a mediocre life which employment brings and they rather want to speed up the process of their growth and development so they are more motivated to start something of their own which can bring them prosperity, status, power, and recognition. They don't want to have a boss: The people tend to show more inclination towards leading than to be ruled. They have leadership skills and want to do work their way. They don't do well with regulations, rules, and policies that working as an employee brings and want to rather work independently. People prefer being an entrepreneur to avoid authority and restrictions laid down on them by bosses so they would avoid being an employee. They have…After completing her bachelor degree Amira choose to be an “entrepreneur” instead of being an “employee”. Write six reasons to support her choice.There are different options after completing the business degree, 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.
- What questions do you normally ask to have a successful career? Explain.ENTREPRENEURS FACE A MORE CERTAIN SET OF POSSIBILITIES RATHER THAN PEOPLE IN OTHER TRADITIONAL JOBS. Select one: a. False O b. TrueMake a Business Model Canvas out of your mind. You should choose an idea capable of creating it in the future.
- .If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?A small group of scientist turned entrepreneurs founded a company named BharadawajMedicines and developed a drug that was extremely successful. As a result, they had to hire300 people to produce and market the drug. The company was once innovative, but now hasproblems getting products to market quickly. Why has the division of labor failed to beeffective? What can be done to increase the effectiveness?So many people want to become their own boss. So they take the steps needed to become an Entrepreneur. Being an entrepreneur isn't just hard, it's really hard. Your days and nights, or more so your entire life, are dedicated to developing a business that you know in advance is highly likely to fail if it is not done properly. One of the biggest failures in a business adventure is planning. The reality is 80 percent of new businesses crash and burn within the first 18 months, according to Bloomberg. I believe that, more often than not, failures come as the result of people not being set up or prepared to leave behind stability for chaos. In this assignment, you will identify ways to properly plan and develop a strong strategy for a business to flourish.
- Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible onto her circumstance. Which form of business would be best for Rita?How do you think Steve Jobs & Steve Wozniak feel about the “side hustle” and why? Please include your thoughts about the benefits and the disadvantages of part-time entrepreneurshipCreating the Competitive Advantage for Small BusinessDuring an economic crisis, small businesses are often the first victim. Due to limited resources, small businesses cannot sustain the operation of their business. If they cannot cover the fixed cost, entrepreneurs choose to throw in the towel and give up. However, some entrepreneurs are, though, with the ability to bounce back immediately. The key to their success is their ability to unlock the industry’s competitive landscape. Previously we discussed Porter’s competitive advantage. Experts noticed that those small businesses that immediately recover and even thrive during and after the crisis understand the competitive landscape. These are the businesses that succeeded in pursuing a competitive strategy that falls in terms of providing the low-cost market product, differentiates their product over competitors, or used the focused approach. For instance, Panda food delivery is not a “new” idea. Before the advent of the internet…