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Describe the advantages and disadvantages
of operating a small business.
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- List the Factors for Achieving Success in a Small Business Discuss one of them.Briefly discuss the key challenges that an entrepreneur encounters in setting- up a small business. Discuss four key challenges.Define the following. Strategic Planning in Entrepreneurship - Sole Proprietorship - Corporation - Cooperatives -
- Given the circumstances happening in our society nowadays, using the ALFRED MARSHALL THEORY (Entrepreneur Theory), cite how the said theory applies to the businesses and enterprises at present. Provide some concepts in the said theories and explain how do they reflect the current businesses and enterprises.Peter Drucke's definition of Entrepreneurship was about ONE of the following: 1 Maximizing Opportunities and being and innovator 2 Bringing all factors of Production together 3 Creating Value and causing discontinuity 4 bearing risk of profit or lossINSTRUCTION: Give one example of a social entrepreneur, describe his/her business, and then explain what makes him/her unique entrepreneur. NOTE: Include a) photo; b) a business description and rationale for being a unique entrepreneur.
- Justify the effects of detecting organizational gaps in small business, providing examples to explain the rationaleDirection: From the following ethical issues in entrepreneurship, pick two (2) whichyou think are the most prevalent issues. Explain.In the table, write about the level of employees and their responsibilities in any small business.