Why entrepreneur need to take a risk and to be a goal-oriented in starting a business?
Q: #9
A: Given Information - λ=10 customers per hour one customer served in 3 minutes. μ = 603=20 customer...
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A: Supply chain management systems are more outward facing, focusing on helping the firm manages its re...
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A: Documentation means preparation of documents which is needed to prepare and develop Pareto chart whi...
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- How Entrepreneur can take calculated risks?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.Why is it important for an entrepreneur to write a business plan?
- Could writing a conventional business plan ever causemore harm than good? Explain your answer?As a future entrepreneur, what strategies must you do to remain true to your values and principles when you are challenged or tested? You may cite a scenario in justifying your answer.How will you set the goals of establishing your business with the help of different steps in Goal Setting
- Good planning forces entrepreneurs to anticipate several things for his business. What are they?Given the uncertainty and dynamic nature of the business environment, is a business plan necessary? Cite the reasons for your answer.Which factor of the four following factors do you believe is most important to include in a great business plan? Why do you believe this factor is of such importance and what makes it more important than the other factors, in your opinion? people, profile of business, business context, and risks & rewards
- Give three (3) reason why crafting a business plan isn't always necessary or needed when you're an entrepreneur.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 an essay discussing the value of a business plan and identify the different function essential in managing a entrepreneurial venture. Your essay should contain atleast 300 words.