true or false Entrepreneurial commitment is not seen as a critical juncture in venture formation.
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Entrepreneurial commitment is not seen as a critical juncture in venture formation.
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- You are the proud owner of a beautiful blue Coupe built by the General Autos Corporation, a car you purchased new in late 2010. This little 2 door car has been very good to you, owing in part to your meticulous care and maintenance. Although you had no intention of parting with this vehicle, a friend who manage is a “Tech Town” store has offered you a great “ side hustle.” Tech Town is an upscale computing store known for its service and customer care. Your friend has offered to pay you $150 for each customer “setup” that you perform. This involves delivering and hooking up computer systems and linking various smart gadgets. Each setup requires just two to three hours work, and you could do two or three setups per week. The catch is that you need a vehicle with capacity to carry tools and occasionally large boxes. Your car is way too small, so you've decided to sell and purchase an SUV or light truck. The sooner you can sell your car, the sooner you can buy a new…Describe the meaning of a "breakeven analysis" in relation to a business start-up initiative.What are some of the underlying motivations that prompt individuals to agree torequests that do not directly benefit themselves or their organizations
- (1) Would you consider entering into a businesspartnership with your best friend? Why or why not? (2)Now turn the question around: Would your best friendconsider having you as a business partner?- Provide an example where these beliefs have held you back from pursuing opportunities or taking calculated risks.4. What are the characteristics of the marketplace? characteristics of the marketplace you are about to enter, and not just about entrepreneurial brilliance. If you decide to enter into a declining market that is full of strong competition, you will multiply your chances of failure. On the other hand, enter into a market that is merging, growing, and has few competitors and you will stand a higher chance of being successful. Features of the marketplace you are about to enter? Is the market growing, or receding in size? If it's growing, among which age and income groups. Do you have to know if the marketplace is shifting from offline to online delivery? If so is the traditional marketplace moving towards the website, mobile, and/or tablets.
- What are the most important things you learne i when creating the business plan? Why are those things so important to you? What are the most important things you have learned in presenting your team's business plan and answering the questions from the investors? Why are those things so important to you? What are the most important things you have learned in participating as an investor? Why are those things so important to you? What are the most important things you have personally learned in your team in developing the business plan and making the decision to invest in another team? Why are those things so important to you?You and three of your close friends have discussed plans to open a pizza restaurant with a delivery service. You intend to attract to your business young professionals who live and work near the downtown area and who are healthy and fitness-minded. You and your co-owners agree that each will invest equally in terms of time and money. However, in addition to contributions and "sweat-equity" made by each of you, another $400,000 is essential for the restaurant to succeed. 1. What type of organization is best suited for this business activity? 2. What steps would you take to manage the restaurant during times that you and your co-owners are not present? 3. What liabilities do you and your co-owners face?what is the company background of Jollibee?
- After months of insufficient recognition (and two years without a raise), you accept an offer from anotherfirm for a $2,000-a-year raise. When you tell your boss you are resigning, you are told how crucial you are tothe business and are offered a raise of $2,500 per year. What do you do? Why? What problems might exist ifyou accept the buy-back?Writing a business plan is your map to how you are going to operate. Regardless of whether you are interested in taking over an existing business or starting a new one; they both have challenges that you will need to overcome in order to succeed. Discuss one of the challenges in starting a new business and how you may be able to address that challenge with a well-designed business plan. Your challenge can be unique to either a start-up or on-going business or both.What are some advantages of sole proprietorship for PODS? What are some disadvantages?