Entrepreneurship: Exercise • What is your business idea? • List some of your unique skills and strengths that add value to your business. • What might get in the way of your success? • Who can help you and how they can help?
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- 1. Entrepreneurship, the concept has a huge meaning. When you hear the word, or when you think of an entrepreneur, what do you think of? 2. What do you think it takes to be a successful entrepreneur? What qualities must a person have (smart, serious, rich, etc.) to be an entrepreneur? What does it take for a person to be a successful business person? 3. If you were given one million dollars to start your own business, what are the steps you would take? What do you think you would need to start? What do you think you would need to continue to be successful? Think about how you would use one million dollars for a business idea and describe what you would do in 4-5 sentences. 4. Successful people often describe their relationships with mentors. If you could pick anyone to be your mentor in business, who would you pick and why? (It can be a celebrity, or a public figure) 5. A great business can find little success if no one knows about the company or product. What are some ways an…Direction: From the following ethical issues in entrepreneurship, pick two (2) whichyou think are the most prevalent issues. Explain.1a) Type of entrepreneurship b) Entrepreneurial skill c) Challenges as an entrepreneur in setting up business d) Environmental problems your business intend to find solution to
- Subject: Introduction to Entrepreneurship Notes to guide your response: Gordon Butch Stewart is a successful Jamaican businessman.He possesses characteristics such as creativity, innovation, risk-taking, leadership, social skills, planning, dependability, discipline, passion and hard work. Question 1: How do you think these characteristics listed above and the entrepreneur's cultural background influenced their success?Emphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explain1.What are the Advantage and Disadvantages becoming a business manager (Employed) rather than venturing in Entrepreneurship?Provide atleast 3 Each & explain each Advantage and Disadvantages. 2.What are the Advantages of invention of money in the field of Entrepreneurship( Provide atleast 3)?what is the impact/effect of invention of money to the modern day Entrepreneurship? 3.Explain why it is said that "Entrepreneurship is the life blood of ant economy?minimum of 100 words.
- What should you do after you have written your company's vision?Several factors are driving the boom in entrepreneurship, including the portrayal of entrepreneurs as heroes, better entrepreneurial education, economic and demographic factors, a shift to a service economy, technological advances, more independent lifestyles, and increased international opportunities.1.Why do you think Entrepreneurship is a science?provide example/ scenario that will support your answer.minimum of 100 words. 2.Why do you think Entrepreneurship is an art? Provide exampla/scenario that will support you answer.minimum of 100 words. 3.What are the Advantages and Disadvantages of venturing in entrepreneurship rather than becoming a business manager (Employed)? Provide atleast 3 each & explain each Advantages and Disadvantages. 4.What are the Advantage and Disadvantages becoming a business manager (Employed) rather than venturing in Entrepreneurship?Provide atleast 3 Each & explain each Advantage and Disadvantages. 5.What are the Advantages of invention of money in the field of Entrepreneurship( Provide atleast 3)?what is the impact/effect of invention of money to the modern day Entrepreneurship? 6.Explain why it is said that "Entrepreneurship is the life blood of ant economy?minimum of 100 words.From five below skills in Entrepreneurship, which one is most important and why? 1- Play 2- Empathy 3- Creativity 4- Experimentation 5- Reflection
- 1. What is an entrepreneur? How would you analyse a local entrepreneur you are familiar with. 2. “Every entrepreneur needs to be a leader in their company.” Explain with the help of a suitable example. 3. Entrepreneurship is “high-risk but also can be high reward.” Comment.1. Why are businesses important in the country? In community? 2. What are the 5 steps in the pursuit of an entrepreneurial procedure? 3. What is the Imperfect competition that refers to any form of market structure other than perfect competition?You are about to finish the business degree in near future. There are different options afterwards, most of the students seek job opportunities, and many of the students decide to manage their family businesses. In recent times, entrepreneurship studies got much interest among young graduates and people tend to establish independent units. If you choose to become an entrepreneur, why would you choose to be? In case you choose not to become an entrepreneur, what would be the reason? Also prepare your own SWOT analysis.