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- assume your are an entrepreneur starting a new business of plastic bags recycling into playground toy business. write a business plan following below heanding. 1. Executive summary 2.Company description (define mission, vision, company core strengths and which industry you are competing) 3.Industry analysis • Industry growth • Key players indirect compitater will be greentoy Inc • Services • Products offered 4. Problem identification – Gap analysis 7. Proposed solution to the identified problem 5Unique selling point 6 Target market analysis – Demographics, geographic, behavioral and PsychographicShutterstock 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. https://www.slowhustle.org/entrepreneur-success-stories In light of the abstract Identify and discuss core entrepreneurial competencies that relates to Shutterstock stable competencies, talent, recognition of opportunity, managingrisks, being creative in solving problems and building and using networknitel Abdulia Austria who started her entrepreneurial journey with just P600. With that epital, she chose to open a small sari-sari store and engaged in direct selling. Eventually, he was able to purchase boats and open a small tourist inn nameal Uno Duz Tourist Inn. A. It has a potential for high profit margin. B. It considers your personal experience. C. It has no dominating competitors. D. It is easy to reach market. 2. Choosing between wood-carved products and strawberry vinegar, a souvenir shop owner in Baguio City noticed that it is easier to sell the strawberry vinegar to tourists than the wood-carved products. imob on antI0 0 combenou heb of asl shaM .8 A. It is affordable to scale to mass production.w ebla B. It has a potential for high profit margin. a C. It has no dominating competitors. Megua D. It is easy to reach market. 3. An entrepreneur made different designs of ref-magnet especially for those who are fond of collecting them. T0o pnilsnimob on asd il 0 A. It is…
- 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 networkDiscuss the importance of financial statements in the strategic planning process of an entrepreneurial venture. (please answer asap)Scenario Wanda is concerned that if she grows the business, she may take on more financial and personal responsibility than she is comfortable with. Your Task 1. Prepare a chart showing the forms of business ownership Wanda could adopt for Salty Pawz as she expands. For each type of ownership, you need to provide the advantages and disadvantages of each option as they relate to Wanda's businesses. 2. After having explored the advantages and disadvantages of each form of ownership, which form would you recommend for Wanda and Salty Pawz, and why? 3. Lastly, if Wanda decides she wants the two friends she works with to become more formally involved in ownership of the business, does that change the advice you gave her in part (b) above. If so, how? If it does not affect your advice to her, then why not?
- Describe the meaning of a "breakeven analysis" in relation to a business start-up initiative.QUESTION 1 With the aid of practical examples from an identified start-up, identify and explain 4 major differences between a business model and a business plan. QUESTION 2 You intend to start a business with a few friends producing independent movies for Netflix. You have heard of a concept called the liability of newness that suggest that that new firms are more likely to fail relative to older ones. Discuss 4 strategies that your entrepreneurial team will adopt to overcome this liability.Explain how a delay to launch a new product may affect a start-up business ? (please short answer)
- Discussion If you were a solopreneur, what would you sell and manage to have a profitable business. Please provide examples to support your choice.Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…