Answered: 1. Discuss the internal and external…

Business

Operations Management

1. Discuss the internal and external factors that entrepreneur need to consider before starting up the business.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter7: Entrepreneurship

Section7.2: Characteristics Of Successful Entrepreneurs

Problem 2CC: What does it mean when we say that an entrepreneur should work on the business, not in it?

See similar textbooks

Related questions

Q: Briefly discuss the key challenges that an entrepreneur encounters in setting- up a small business.…

A: Small businesses are small-scale businesses with low investment, few laborers, and a low scale of…

Q: Give one example of Sources of ideas for entrepreneurial ventures. 1.Give example of "From the…

A: Entrepreneurs and businesses find a host of sources for business ideas from various means such as…

Q: To be able to identify potential business opportunities that we can benefit from. Recall what you…

A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…

Q: Write the definition for each of the six characteristic of and entrepreneur. The characteristics…

A: Note: Subjective parts of the question are difficult to justify hence they are not answered as per…

Q: List down any five qualities of a good entrepreneur. How can you use them in the case of your own…

A: Business is an activity of making money or one’s living by producing some products or services or…

Q: 1) How can both market and management factors affect the growth of a new venture? 2) What questions…

A: The Management and Market strategies you select will have a big impact on how quickly your new…

Q: What are the good qualities that an entrepreneur must have? Explain the importance of the qualities…

A: THE ANSWER IS AS BELOW:

Q: b) “A start-up entrepreneurship does not need to develop a business plan when launching a new…

A: An individual who embraces the risk of beginning a business undertaking is called an entrepreneur.…

Q: If you decide to become an entrepreneur, which one of the following will not be related to you as an…

A: Entrepreneurship refers to the ability and readiness of an individual by running a business…

Q: 1. Social media has been very active in terms of spreading the word about practically anything and…

A: The three potential business opportunities which I can see using the social media are as follows-

Q: How would you describe the growth of this industry entrepreneurial project

A: Nowadays, as globalization has emerged, people have seen a new phase of modernization—long tall.…

Q: entrepreneuri

A: The process of developing a notion into a finished product is called entrepreneurship. You can have…

Q: What is the hallmark of a successful entrepreneur? a) Risk bearing capacity b) Persistence c)…

A: For any entrepreneur it is a challenging task to manage his time between his family and his work and…

Q: What characteristics does the entrepreneur appear to have? How do you believe these characteristics…

A: Entrepreneurs are the building blocks of the best human resources that run a sustained and…

Q: INSTRUCTION: Give one example of a social entrepreneur, describe his/her business, and then explain…

A: Ans. Introduction Social entrepreneurship is starting of a company with the purpose to fulfil…

Q: You intend to start a business with a few friends producing independent movies for Netflix. You have…

A: Starting a new business can be very challenging as high risks of failure are associated with it. To…

Q: 5. Discuss three factors which entrepreneurs consider as their business success?

A: An entrepreneur is a person who comes up with the idea of establishing a business to earn profit.

Q: You inten intend to start a business with few friends producing independent movies for Netflix you…

A: The four strategies that entrepreneurial team should adopt to overcome the liability are, Strategic…

Q: What are the rules for building a successful business?

A: A business refers to an organization or enterprise that is engaged in commercial, industrial, or…

Q: An individual’s desire to create a new business isreferred to asa. the entrepreneurial spirit.b. the…

A: Entrepreneurship refers to the process of generating a new and unique idea for a business, doing all…

Q: you decide to become an entrepreneur, which one of the following will not be related to you as an…

A: Entrepreneurs are those individuals who decide to come up with a unique idea and based on that a new…

Q: ould do this

A: Q) How would you go about taking the necessary actions to start? ANS:- Once I have a Business Plan…

Q: . Discuss whether the term corporate entrepreneurship is an oxymoron

A: Note: We'll answer the first question since the exact one wasn't specified. Please submit a new…

Q: As the owner of a year-old Dog Spa and Grooming business, you recently engaged in a time of…

A: Ans 1: Entrepreneurship refers to the process of developing business or businesses by taking the…

Q: There several myths about entrepreneurs, including: - Entrepreneurs are born, not made. -…

A: In the way of success the people who fail always tries to pull your leg and bring you back to the…

Q: Which disadvantages of small business did Two Men anda Truck have to overcome? If you had been part…

A: Disadvantage: Two Men and a Truck had to overcome the disadvantage of just having one truck to work…

Q: What is really a great idea? And how an entrepreneurial mind-set relates to ideas and opportunities?…

A: Entrepreneurship refers to the idea of creating and operating a business enterprise in order to make…

Q: What can you learned about entrepreneurship and owning your own business

A: Note: Since you have given many questions and have not specified which one needs to be answered, we…

Q: Entrepreneurship comes with a host of rewarding & harsh challenges. The ability to see two steps…

A: Entrepreneurship is that the ability and readiness to develop, organize and run mercantilism,…

Q: Which Common Myths about Entrepreneurs do you know? Which one seems more realistic for you? 250-300…

A: It Takes cash to create Money' this can be maybe the oldest entrepreneur's story of all.In…

Q: Write an essay discussing the value of a business plan and identify the different function essential…

A: Business plan provides a glimpse of future regarding your business. In other words it is areport…

Q: II. WHAT MAKES SOMEONE BECOME AN ENTREPRENEUR? A. Determination B. Creativity, C. Flexibility D.…

A: An entrepreneur is anyone who has the ability to initiate a new starting on any business project…

Q: What characteristics, skills, and aptitude are essential in the 21st Century to be a successful…

A: Entrepreneur is the person that has built a business, by bearing all risks and to achieve and enjoy…

Q: Why do you think the quality of the business plan is so critical to an entrepreneur’s success?

A: A business plan is a very important tool and strategy for entrepreneurs. A good business plan not…

Q: 1. From among the four types of business structures (sole proprietorship, partnership, corporation,…

A: Sole Proprietorship: Sole proprietorship is a business form which is managed and owned by a single…

Q: 1. Define entreprenuership. 2. Elobrate 3 essence of entrepreneurial behaviours. 3. Examine 2…

A: Entrepreneur- Entrepreneur is an individual who starts up his own business, bearing various losses…

Q: Activity: Answer the following questions, thoroughly. 1. Why “sound business idea” is important to…

A: Entrepreneurs are people who initiate a new business idea and are, thus, ready to take the risk of…

Q: characteristics, skills and aptitude are essential in the 21st Century to be a successful…

A: A business is a company, organization, or entity that sells goods/services with a motive of profit.

Q: What does it mean when we say that an entrepreneur should work on the business, not in it?

A: An entrepreneur is described as an individual takes all sorts of financial risk in creating a…

Q: Why entrepreneur need to take a risk and to be a goal-oriented in starting a business?

A: An entreprenuer is a person/individual/firm which takes initiate and have idea which is different…

Q: 1.Why do you think it is important for an entrepreneur to be a risk taker & innovator.

A: Below is the solution:-

Q: Entrepreneurial challenges that a new business can encounter in the first year of activity. How can…

A: An entrepreneur is a person who develops and plows money into more than one business, even though…

Concept explainers

Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.

Question

100%

1. Discuss the internal and external factors that entrepreneur need to consider before starting up the business.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Explenation

VIEW

Step 3: Conclusion

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

Write the definition for each of the six characteristic of and entrepreneur. The characteristics given are: (1) vision (2) energy (3) tolerance of uncertainty (4) self-reliance (5) confidence (6) tolerance of failure After defining each characteristic of an entrepreneur given in Chapter 7, answer the following questions: Do you possess any of the entrepreneurial characters discussed above. List each characteristics, you possess then answer the following questions: Have you already started a business? Are you considering starting your own business? If so, what type of business? If you have no desire to start a business, explain why.
What are the differences between a fixed mindset and a growth mindset? I need help with this question from an entrepreneur's point of view... How does mindset influence the growth of an entrepreneur?
What is the hallmark of a successful entrepreneur? a) Risk bearing capacity b) Persistence c) Flexibility d) Self-confidence
What characteristics does the entrepreneur appear to have? How do you believe these characteristics and the entrepreneur's cultural background influenced their success?
1.What are the risks and benefits of becoming an entrepreneur as opposed to working for others? 2.What is the major challenge presented by competitors like Amazon and Uber to Grubhub's business?
1) Discuss the principles of an innovation process in entrepreneurship. b) What are the factors that lead to starting up a business?
1) What can you learned about entrepreneurship and owning your own business? 2) what skills do you think a successful entrepreneurship should have? 3) what are the pros and cons of owning your own business? 4) how can both market and management factors affect the growth of a new venture?
A small business entrepreneur does not face much challenge in terms of a .All of the above b. Having more freedom c .Record keeping d .Managing assets and liabilities
1. What is Entrepreneurship? 2. What is entrepreneur?
what are the typical challenges for entrepreneurial startups?
Explain the pros and cons of being an entrepreneur. How would you determine if an individual possesses the characteristics that it takes to creating their own business (self-direction, level of uncertainty, etc.)?
Why do you think the quality of the business plan is so critical to an entrepreneur’s success?