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- Imagine yourself as a entrepreneur / founder of a business . You want to expand the business and you need capital to that do . Your potential investors need to know about , Write a paragraph on each of the following points : • You ( and your related / relevant experience ) • Your product and it's market ( source of supply , level of demand etc ) • Your business idea • The reward they might obtain from investing in your business ( financial reward , prestige etc .explan the range of new entrepreneurial ideas which could be developed into a business venture, with a justification of why you believe each idea is viableWrite a business plan on 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, as well as how the pandemic has been a main challenge. Your challenge can be unique to either a start-up or on-going business or both.
- what name would you give to your business venture ? What is the significance of that name ? Would it protect the image you desire for your business ?Can an activity be considered to be entrepreneurial if it is not innovative?According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
- look for an article of succes stories about a businessman or entrepreneur. what do you think are the reasons why they become succesful in their endeavor?What are the factors that you should research about before you start or invest in business? And does research guarantee that a business will succeed? Why or why not?Develop and present a business plan. Tell us the kind of business you are presenting and why. some of the challenges you encounter.with references
- Conduct a viability study on a still water business opportunity you foresee or have heard about.What two questions should an entrepreneur consider early in the process of developing a business plan?Larger or established businesses tend to leave gaps in the market for numerous reasons. Once these gaps (however small) are left open, it makes it very easy for smaller ventures to spot the opportunity and make the most of it. Spinelli and Adams (2016) state that a good opportunity may sometimes not look too attractive at first but has the potential to blossom into one that is bigger than the venture itself, even after the venture has grown to a substantial size.In light of the abstract discuss and explain those gaps that business tend to leave in the marketplace, provide the possible reasons for these businesses to leave the gaps.