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- 3. If someone starts a small business and never needs to hire employees, can they becalled an entrepreneur?DisscussIt is important for an enterpreneur to select an attorney as early as possible, when developing a business venture. It is critically important that the attorney be familiar with start-up issues. As a future entrepreneur, list and explain 5 of the consideration to take into matter, for selecting an attoney.2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? Disscuss
- Shutterstock was started by an amateur photographer who needed a little extra money on the side. The founder Jon Oringer saw a gap in the market and took it, setting up space online to sell stock images from his personal photo library.He teamed up his hobby of photography with his professional software skills and his side hustle creation became one of the world’s biggest stock companies. discuss core entrepreneurial competencies that relates to Shutterstock stable competencies, talent, recognition of opportunity, managingrisks, being creative in solving problems and building and using network5. Describe the five different kinds of rents. Give examples of how an entrepreneur might attempt to collect these. 6. How will firms employ their resources for growth? Explain the focus effects and synergy effects. 9. What are the five stages for assessing entrepreneurial opportunities?name and explain Four main resources an entrepreneur would require to revive their business and how would they use these resources.
- Venture is Flipkart or any other successful entrepreneurial venture that has been in business at least five years. (1) Use historical revenue information to examine how this particular venture moved through its life cycle stages. Determine the length of the development stage, the startup stage, and so forth. (2) Determine the financing sources used during the various stages of the venture's life cycle. (3) Identify the venture's equity owners and how shares have been distributed among the owners. What portion of ownership has been allocated to management team members? what, if any, agency conflicts can you identify?Give three (3) reason why crafting a business plan isn't always necessary or needed when you're an entrepreneur.1. Define entreprenuership. 2. Elobrate 3 essence of entrepreneurial behaviours. 3. Examine 2 separate ways that entrepreneur identify new business, product, and service opportunities.
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