Does someone need to start a business from scratch to be called an entrepreneur?Disscuss
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- Does someone need to start a business from scratch to be called an entrepreneur?Disscuss
Step by step
Solved in 2 steps
- What is the main consideration in starting up a business?What motivates someone to start their own business?Based on your understanding on different forms of business organizations, which form of business would you organize once you want to start a business? Explain why did you choose it among others.
- How can you help people to open new business by explaining different forms of business and its benefits and limitations?The primary reasons people become entrepreneurs include all of the following EXCEPT the desire to: a create one's own schedule. b) ear more money. c) meet the challenge of owning a business. ( d) achieve an external locus of control.Solve a business problem. Do you or someone that you know have a small business with a specific problem or opportunity that needs to be addressed? Expansion plans, entering a new market, establishing various policies, operations issues, training and so on? If so, you can address their problem or opportunity. Provide a solution that a small business has. And explain how to solve it.
- how does prior knowledge in profit and loss helps you change your vision about running a business?if someone buys a business but hires professional managers to rub it so they dont have to be involved in the operations are they an entrepreneur?What are the common barriers to entry that the entrepreneurs can experience in business operation?