The Questions Every Entrepreneur Must Answer

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

Bygrave, W.D. & Zacharakis, A. (2014). Entrepreneurship, 3rd ed. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1-118-58289-3

1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships, general partnerships, C corporations, and limited liability companies.

Once you have set your goals then you should consider some of the following to help you reach your goals. Each of these items that you think about will help you develop your strategy for achieving your goals. As with most plans, proper execution of the plan is crucial to your success. Let 's discuss some of the

Many us have heard don’t borrow money from family or go into business with friends. In the case of Tactus fund-raising, they faced many financial obstacles in raising their capital. Craig and Micah did the right thing by not obtaining funds from friends and family at first. One of the major reasons new startup companies fail is because they undercapitalize. A startup company must have enough capital to get establish and stay afloat through the slow

With nearly 80 percent of all new business startups failing, entrepreneurship has proven itself to be a great risk in this economy. The book A Raisin in the Sun points out essential flaws and weaknesses in many venture capitalists’ thinking. A Raisin in the Sun exhibits a man named Walter

Based on the organization you have selected, this week you will write a (500 word maximum) Strategic Leadership and Entrepreneurship section that addresses the following topics:

Note on the financial perspective: What should entrepreneurs know? William A. Sahlman, Harvard Business Publishing (9-293-045)

What are the factors of production? How can economies grow when one or more of the factors is weak?

- One who creates a new business in the face of risk and uncertainty for

With the possibility of failure in mind, Cecil must consider the possible alternatives and identify them with his son. Investing in the restaurant is the first option. Investing in the purchase of stock would be another option but does not provide the wide range of entrepreneurial experience that Cecil would

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

Over fifty percent of all new business fail within the first five years and only one third of new startups will make it to year 10 (Kamo, n.d.). There are numerous reasons for failure such as lack of a sound, comprehensive business model, poor leadership and team dynamics, thinking too small, poor quality and lack of financing or poor money management (Kamo, n.d.). To clarify, growth too fast is cause of failure, but not having a strong revenue benchmark is also a detriment. There are several ways to counteract the pitfalls and lend Poptails Plus on the road to success. A strong team with a sound business plan will be prepared managing the pitfalls and proactively solving issues revealed.

The first aspect to be analyzed against is the higher-order strategy, or the direction steered by the two different types of entrepreneurs as the leader of their organizations. These usually reflect the characteristics of the leader and sets path for where the company is heading to. These strategies will not only determines the

Entrepreneurial cognition refers to the knowledge structures that people use to make assessments, judgments, or decisions involving opportunity evaluation, venture creation, and growth (Mitchell, Busenitz, Lant, McDaugall, Morse, & Smith, 2002). It is the approach that is characterized by the study of the type of cognitions among others that could help to define the entrepreneur, explain entrepreneurial behaviours in relation to identification of business opportunities and growth, success in business, and distinguish entrepreneurs from other