Hi, could you help me answer a question, it would help me with my understanding of the subject. The question is the following “ What are the advantages and disadvantages of self-financing a new business?”. Would you be able to answer this question in about 1000 words, please? Thanks in advance
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Hi, could you help me answer a question, it would help me with my understanding of the subject. The question is the following “ What are the advantages and disadvantages of self-financing a new business?”. Would you be able to answer this question in about 1000 words, please? Thanks in advance
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- You plan to open a new business. Before you can approach a potential investor, you will need a strong plan. Describe the purpose and components of a business model and write a one-paragraph business model description for a business of your choice."Starting a business is full of exciting challenges and potential learning opportunities gained from the risks that come with it. Understanding these unique obstacles may prepare professionals to handle them if they encounter any as they start a business." With reference to the above statement, critically analyse the major challenges that entrepreneurs and SMMES face in South Africa as well as possible solutions to these problemsShould you write a business plan even if you do not need outside financing? Why or why not?
- 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.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?Could writing a conventional business plan every cause more harm than good? Explain your answer?
- 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.From the perspective of an investor, what is the most or least important element of a business plan, and why? To say this another way, what is the first or last section of the plan that you would read? Discuss one or the other.As a new business owner, building a business from the ground up, an international travel agency at that, how would you go about taking the necessary actions to start? You already have a business plan in place; you just need to start. Enlighten your financial provider and convince them of how you would do this
- The process of starting a new business can be difficult, especially when you are trying to break through the fear and confusion. We live in a world where we have an endless amount of opportunities, and it can be quite overwhelming to start looking at all the different options that are available to you. You may also feel like all business ideas have been done before and that you’ll never be able to come up with something that is unique and that would be successful. From the above scenario, we realized the challenge and opportunity in creating a new business venture in UNITEN. Using your own words, justify the following QUESTIONS: 1. Justify TWO (2) challenges to be considered when coming up with a new business idea in UNITEN. 2. Provide your own VISION and MISSION to start a new venture. 3. Describe ONE (1) passion in starting the new entrepreneurshipHi can you help me with this one please. If you have any references, please state it also. Thank you. :) 1. What are the advantages and disadvantages of THREE forms of business organizations? How does each one source capital for the enterprise? 2. How do financial intermediaries function in the economy? 3. Explain the concept of fundamental, or intrinsic, value.Overview There is much that you can learn from other experienced entrepreneurs. Many new businesses are started every year, so receiving external input can give you an advantage when beginning your own entrepreneurial venture. A good way is to start looking around you. Is there an entrepreneur you know who you would like to hear insights from? For this assignment, arrange for an interview with that entrepreneur and prepare thoughtful questions to ask. This will be helpful in the course as you work on your Business Model project. Instructions choose an entrepreneur (preferably not a family member) and Talk about about their job and entrepreneurial journey. Approach the interview with a goal in mind and think of specific questions that could help you achieve that goal. Some examples of these questions might include the following: Why did you choose to become an entrepreneur? What is your approach to risk? What customer segment do you cater to? How did you choose your customer segment?…
