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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
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- 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?…So many people want to become their own boss. So they take the steps needed to become an Entrepreneur. Being an entrepreneur isn't just hard, it's really hard. Your days and nights, or more so your entire life, are dedicated to developing a business that you know in advance is highly likely to fail if it is not done properly. One of the biggest failures in a business adventure is planning. The reality is 80 percent of new businesses crash and burn within the first 18 months, according to Bloomberg. I believe that, more often than not, failures come as the result of people not being set up or prepared to leave behind stability for chaos. In this assignment, you will identify ways to properly plan and develop a strong strategy for a business to flourish.Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.
- Take an example from the recent news for a company caught for doing fraud. Review various articles, review the ownership structure of that company. Comprehend could have gone wrong? Which type of business organization it is? What was the impact on its financials and who were the key stakeholders who got impacted? No. of words: 500 - 800Why do people choose to be entrepreneurs ? A. The challenge, they hate working for other people, they see no other choice. B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves. C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked. D. None of the above.What are you to do as a budding entrepreneur in the following situations? 1. Iverson loves arts and crafts. With this in mind, he is contemplating doing a business out of his hobby and skills. What are some of the risks that he has to face? Give 1-2 examples 2. In their family business, Carla takes charge of getting more sales for the company and providing excellent customer service. One time, a new customer argued via private message, saying that she did not like how the sauce of the marinara was too sour for their family’s liking and added they prefer a sweeter one. How does Carla respond? 3. Jaymee and Jewelle saw an opportunity this pandemic to create DIY phone cases and introduce them via online means. What are some things you could do to make your product What are some things you could do to make your product become salable.? Give 1-2 examples
- As a business person or as a person who wants to start a business but doesn't have the money for it, who would be your first choice for help with the start-up?Why do you think the quality of the business plan is so critical to an entrepreneur’s success?With a classmate, research a professional sports team that hasthreatened to move if locals don’t approve subsidies to builda new stadium or arena. Do you think this is a savvy businessmove on the part of the team’s owners? Or, is it an unethicalmove because area businesses will lose revenues if the teamtakes its franchise elsewhere?
- Complete this in the capacity of an entrepreneur starting a new business. This assignment's first instruction is not to write a business plan as you wish, which most likely an essay format. Answer specific questions, keep them in order. To enhance your work, use resources outside resources such as SBA, trade publications, and academic journals when warranted. In this assignment, you will have to start a business from the ground up, no franchise. There are three businesses I want you to stay away from when you are thinking about opening your business. The businesses I will not accept in this assignment are restaurants/bars, nail/hair salons, and gyms. In addition, these businesses have a lower entry barrier where anybody can start any of these businesses and become a direct competitor. Your Business Opportunity Give a summary of your business idea. What are the solutions you will provide your customers with for their needs? What are the important key activities for your business? What…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.Write 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.