+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
Suppose MU1 (2,3) = 7 ; I'm having a really hard time unsrestanding this for some reason, how would one more of good one make seven? Is it that one unit of good one is worth 2
In 2007-2008, the price of jet fuel and diesel fuel used by air and ground freight companies decreased dramatically. As the CEO of FEDED, you have been presented with the foll
What are the Costs to Society of Tariffs? Who are the winners, and who are the losers? What are the issues surrounding the use of trade barriers as a means of increasing domes
The American Baker’s Association reports that annual sales of bakery goods last year rose 15%, driven by a 50% increase in the demand for bran muffins. Most of the increase wa
Last year Argentina experienced robust growth and fiscal restraint, but some analysts continue to worry about its current account deficit, which today is 4 percent of GDP. But
Lay out the arguments forand against trade treaties like NAFTA, and/or for the process of"globalization" of the U.S. economy. What do you think? What is your position, positiv
Write a 1700 words report on National and Global Economic Environment in ICICI Bank and explain : Impact of Economic Change on ICICI Bank,The Role of Government Spending in th
If you are unable to come up with a choice of your own, then you may choose the merger of Hewlett Packard and Compaq Computers from about 10 years ago. When the merger was ann