thrilled about the many benefits and opportunities of being an entrepreneur. She was told “when you start building a business, you begin a journey or a process. This process has a beginning and an ending and between the beginning and end lays a lot of challenges. You will win only if you remain faithful to the process.” This statement made her apprehensive because she needed to adequately prepare in order to overcome these challenges. In the light of the above: i. Identify and explain five (5) entrepreneurial skills Madam Samuella Yinmalya needs to possess in her entrepreneurial venture ? b. Discuss five (5) challenges of entrepreneurial development she is

thrilled about the many benefits and opportunities of being an entrepreneur. She was told “when you start building a business, you begin a journey or a process. This process has a beginning and an ending and between the beginning and end lays a lot of challenges. You will win only if you remain faithful to the process.” This statement made her apprehensive because she needed to adequately prepare in order to overcome these challenges. In the light of the above: i. Identify and explain five (5) entrepreneurial skills Madam Samuella Yinmalya needs to possess in her entrepreneurial venture ? b. Discuss five (5) challenges of entrepreneurial development she is

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter13: Leadership

Section13.2: The Leadership Process

Problem 2DQ: Vaynerchuk has been quoted as saying that if you live for Friday, get a different job. How does this...

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Miss Alberta Kwao has just completed a training on entrepreneurship development and is excited about the many benefits and opportunities of being an entrepreneur. She was told ‘when you start building a business, you begin a journey or a process. This process has a beginning and an ending and between the beginning and end are a lot of challenges. You will win only if you remain faithful to the process.” This statement made her apprehensive because she needed to adequately prepare in order to become successful. In the light of the above: a. Identify and explain five (5) opportunities that Miss Alberta Kwao is likely to enjoy as an entrepreneur? b. With Ghanaian examples, discuss five (5) impediments that Miss Kwao will encounter in her venture?
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?…
With the concepts you learned about Entrepreneurship, read and answer the following questions base on your opinion. Do you know someone who is an entrepreneur? How do you think an entrepreneur benefits from his/her business? Why should an entrepreneur be a leader, a communicator, a specialist, and a problem solver? If you could add one more from the common traits that entrepreneurs should have, what would it be and why?
As the owner of a year-old Dog Spa and Grooming business, you recently engaged in a time of reflection on your entrepreneurial journey. Having completed the reflective process, it is now clear to you that entrepreneurship requires the application of creativity and innovation to solve problems and capitalize on recognized opportunities. For this assignment you are required to do the following: Discuss what entrepreneurship mean to you and describe two (2) entrepreneurial traits/characteristics you possess. Use examples from your life experience to support each trait/characteristic. Identify one (1) innovation you currently enjoy and discuss how it adds value to your life. Develop two (2) innovative strategies to enhance creativity at your Dog Spa and Grooming business.
Everyone admires an entrepreneur, but maybe that is because no one knows exactly what he or she does. A description of entrepreneurial duties has never been solidified, and Wirtz explains that this is an ongoing problem for those wanting to measure such duties and responsibilities, as well as for those wanting to conduct research into the successes and failures of entrepreneurship. How did you move from being a young (child) entrepreneur to becoming an employee or thinking of becoming just an employee?
Entrepreneurship requires a unique set of personal qualities that contribute to the success of a business venture. These qualities include creativity, risk-taking, self-motivation, adaptability, resilience, and leadership skills. Developing and nurturing these personal qualities can be challenging, but it is essential for entrepreneurs who want to succeed in today's dynamic business environment. Compare and contrast the personal qualities of a successful entrepreneur with those of a successful manager.
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.
Personal experiences, hardships, and a desire to overcome adversity frequently catalyze entrepreneurship (Robb, 2022). Santosh Kshirsagar, the founder of Dragon Karate Sports, is a case study on the transformative power of determination and pursuing one's passion. This case focuses on Santosh's entrepreneurial path, which began with humble beginnings and progressed through several hurdles to develop a thriving karate institution in Kolhapur. Hence, this case study centers around Santosh Kshirsagar, a dedicated individual who started on an entrepreneurial adventure to establish his karate academy, Dragon Karate Sports, despite various hurdles and hardships. Santosh Kshirsagar's entrepreneurial career is a fantastic tale of perseverance, determination, and pursuing a dream. Despite having an absent father and a troubled family, Santosh found refuge and inspiration in karate. The presence of a karate academy near his brother Amit's college piqued Santosh's interest in the sport at a young…
Some entrepreneurship authors argue that writing a business plan is a futile exercise. Do you agree with this assumption (yes or no)? Explain. Also, Is there a difference between writing a business plan and writing a social venture plan? Explain.
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.
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.
What does it mean to be an entrepreneur? The road to entrepreneurship is often a hard one filled with unexpected detours, roadblocks &dead ends. There are lots of sleepless nights, plans that do not work out, funding that does not come through &customers that never materialise. It can be so challenging to launch a business that it makes one wonder why anyone willingly sets out on such a path. Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition &fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.An entrepreneur identifies a need that no existing businesses addresses &determines a solution for that need. Entrepreneurial activity includes developing &launching new businesses &marketing them, often with the end goal of selling the business to turn a profit. An entrepreneur who…