To increase rates of entrepreneurship, the Small Business Administration (SBA) has created its own bank to provide interest-free loans directly to entrepreneurs. ( a) True (b) False
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- Suppose the return and cost of entrepreneurship curves are described by the following equations (with numbers measured in the thousands): R=650−25N C=250, where R=returns to entrepreneurship, C=cost of entrepreneurship, and N=number of entrepreneurs. The equilibrium number of entrepreneurs is N=....... thousand. (Round your response to two decimal places.) The equilibrium cost of entrepreneurship is C=$..... thousand. (Round your response to two decimal places.) Suppose the country's government begins providing a court system to provide legal backup of contracts, increasing the return to entrepreneurship by $100 thousand for each entrepreneur. The equilibrium number of entrepreneurs is N=...... thousand. (Round your response to two decimal places.) The equilibrium returns to entrepreneurship is R=$....... thousand. (Round your response to two decimal places.)True or false? Entrepreneur are bankers who lend money to individuals to start businessAs a young Graduate from the University of Professional Studies, a Small and Medium Enterprise Owner approached you and wanted you to help him/her develop a comprehensive Business Plan to enable the Business go for a loan facility with the Access Bank. What are the salient Elements that constitute a well-developed Business plan that can help the Small and Medium Enterprise to acquire the loan facility?
- Discuss FIVE (5) characteristics of successful entrepreneurs that can help them access capital in different forms using the extract as a basis for your discussion.1. Explain the basic principles of Financial Management. 2. Explain why raising capital for a new venture is a challenge for entrepreneurs. 3. Explain why some entrepreneurs resort to social bricolage.How does Amazon FBA allow small businesses to grow?
- 1. How does interest rate affect the transfer of funds from the lender to the borrower?2. How do taxes affect a business firm?Discuss the FIVE (5) C's lenders and investors look for in a business plan and comment on how these could be affected given an entrepreneur has recently had to close down a business.Discuss any five funding strategies that entrepreneurs can utilise as financial assistance during the development phase of an enterprise or business and briefly explain the importance of these strategies
- Financial education is an important component of our students' educations. For many young people, college is their first money management experience. Explain to new entrepreneurship students the purpose of financial management for an entrepreneurial venture. Please do fast ASAP13-1 What is the specialty of a venture capital firm? Select one: a. seeking out entrepreneurs with new profitable ideas b. investing shareholders’ money in new businesses c. pooling funds from various sources and investing them d. setting up joint ventures e. borrowing money from financial institutions and lending it to new entrepreneursexplain this phrase "credit business is good business"
