Cathy wants to open her own accounting firm. She requires your help with the business plan. Advise Cathy on reasons for an entrepreneur to write a business plan.
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Cathy wants to open her own accounting firm. She requires your help with the business plan. Advise Cathy on reasons for an entrepreneur to write a business plan.
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- Why is it necessary for a business plan to be realistic? How will investors typically react if they think a business plan is based on estimates and predictions rather than on careful thinking and facts? Where can entrepreneur obtain facts to substantiate their business plans?Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why? (200 word)Who is least likely to be a successful entrepreneur? Jan won the lottery and now has millions of dollars in the bank. Jan does not have a college degree, but she enjoys cooking and worked as a chef before she won the lottery. She is a people person and is looking to invest her money. Gordon just graduated with a master of business administration (MBA) degree from Harvard. He has no money and is worried about taking financial risks. Sally has a bachelor's degree in architecture and has worked in an architecture firm for ten years. Sally has a large savings account and is not afraid of taking risks. Scott has a bachelor's degree in business from a state university and is a good people person.
- Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why? (200 word) note : maybe the photos not clear this the link for the case study https://dokumen.tips/documents/cases-effective-small-business-management.html Not : case 2 able planetWhat is the most common use for a business plan? What does the hopeful entrepreneur do once he or she has finished the business plan? What are the two types of financing available to entrepreneurs? List four common causes for business failure. List three advantages that small businesses have over larger, more complex companies.Financial education is an important component of our students' educations. For many young people, college is their first money management experience. Explain to new entrepreneurship students the purpose of financial management for an entrepreneurial venture. Please do fast ASAP
- If your personal credit is shaky at the moment and youdon’t have a lot of cash to invest in a new business, whatsteps could you take to get a new company going?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.Note the quotation from the extract below and discuss the various methods of generating ideas entrepreneurs who have closed their start up can utilise to "Bounce back" using your OWNexample to support you discussion. “The pain of closing a business can overwhelm founders, whose identity is intertwined with that of their venture. Failedfounders wonder what they’ll do next—are they employable? Adding to their worries, their personal finances may be inshambles. Most entrepreneurs cut their own salaries as their venture goes into decline, and many have invested theirlife savings in the startup—along with funds from friends and family.
- You are hired as a CFO of the company ABC. ABC has just been through an IPO process. The CEO is about to undertake a new investment project and know that one source of shareholder value is the unlevered cash flow. a) Explain the CEO another source of shareholder value when undertaking a new investment projectDuring the startup phase of a company, business and ownership are a. Managed by the same investors b. overlapping: managers and owners at the beginning are the same c. Managed by two different individuals d. IndependentImagine you were to start your own business in Kleve, manufacturing small but smart household robots. Assume your business has developed a product currently superior to any competition. You have secured an initial manufacturing facility in Kleve-Kellen, with enough space to expand. However, the manufacturing process is complex. You have already convinced a number of very wealthy investors to meet your financing needs of the next two to three years, so there is no pressing need for going public yet. 1. Why would your business "go global" early on? And how would your startup business be positioned in a global market? 2. Please propose a likely sequence of steps, that your business has to take to achieve this sort of global ambition. Don't just name the steps but also elaborate on business resources you consider essential. 3. Please identify the three biggest challenges you expect to meet in the process of "going global"! Please be as specific as you can be, the more your analysis…