+1-415-670-9189
info@expertsmind.com
Describe an entrepreneurial opportunity
Course:- Business Economics
Reference No.:- EM13891911




Assignment Help
Assignment Help >> Business Economics

Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals and businesses. These are the negative consequences of recession.

However, even during a recession, the opportunities are endless. The business ideas are just different from those in economic boom times.

Select one or a combination of the negative consequences of recession and answer the following related questions:

Describe an entrepreneurial opportunity that would be beneficial to both the entrepreneur and those negatively affected by the consequence of recession.

Provide the basic product or service description and clearly define the benefits.

What would your strategy be to attract potential customers for this idea?

How would you try to secure funding for this business? Do you believe it would be more difficult considering it focuses on a struggling component of the economy? Justify your answer with examples and reasoning.

Support your responses with examples.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Illustrate what would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their chi
The rule of choosing the final proposal is simple. First, Z is the person to determine who (either X or Y) is the proposal raiser. Then the proposal raiser chooses a particula
If the company issues debt to finance the project what would be the value of the company. What would be the value of the levered equiy.
In short-run, I see the question on slide 10 (Firm supply) used MC=SAVC to find the crossing point between MC and AVC, so does it mean that we can also take derivative of AVC
Indicate whether each of the following is counted in this year’s GDP: a. you bought a new Wii at GameStop last year and resold it on eBay this year. b. You purchase an “Invest
Suppose that and the goal of the policymakers is to decrease C and increase I without changing . a. Can the policymakers achieve these objectives by using only fiscal policy?
Say that the exchange rate between the U.S. dollar and the Melnik bop is expressed in terms of bops per dollar. All of the following will cause this exchange rate to rise, cet
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. T