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Read Chapter 9 (Building a New Venture Team). This chapter talks about how to find the right management for your new business. If you remember I had said in my opening welcome note that the reason why 90% of small businesses fail after opening is because of management issues. It is no wonder, that finding the right management team is so important. If you would like to take a peek on what lies ahead, you can start reading Chapter 11 on Marketing for Small Businesses.
DQ1:Based on Chapter 9
Evelyn Smith, the new president of Texas Wings Inc., had been recruited to the company in 2004 by a disgruntled investor who had lost faith in the business's management team and profitability prospects. "There wasn't any reliable accounting system in place," she recalls. "Even though some of the restaurants in the chain were doing more than a million dollars' worth of business a year, the company was losing money -- although nobody knew how much." One of the biggest problems was an advisory board that lacked sophisticated financial expertise and was unable to challenge the company's two founders. "We were on the verge of a major cash-flow disaster," says Smith. What would you recommend Smith do to help the situation?
DQ2: Based on Chapter 9
Two friends met at a culinary school. They want to start a restaurant - both have about $10,000 to invest in this venture. They are looking for a third partner who could also invest about the same amount. There are two potential candidates. The first is a friend who writes for a food magazine. She also has 5 years of marketing experience. The second is an excellent baker, whose pies are well known in the local community. Which of these two friends would you recommend to the prospective entrepreneurs as a potential partner - the writer or the baker? Explain your choice after reading Chapter 9 - Building A New Venture Team.
Explain the distinction between evolution and natural selection. Include a discussion of what evolves, the individual or the population? Also explain which natural selection acts upon, the individual or the population?
For there to be an effective value chain, a company’s marketing department should take the view of which of the following?
Utilize at least three reputable Web sites and/or scholarly journals from the GCU eLibrary,
Finding which marijuana use is likely to increase onset of schizophrenic symptoms in those who have a genetic predisposition to disorder is likely due to effect.
what are the different types of organizational structures? which type of structure do you feel is the most effective?
Which of the following is NOT true of the house of representatives?
what is meant by experimentation ? what is an experimental research design? what are its general objectives. what is a
what is the most common form of written communication in your workplace or in a workplace you are familiar with? is
For your Final Project, you will integrate the knowledge that you have gained about guiding the social and emotional development of infants and toddlers to create a professional presentation. In a ten- to fifteen-slide PowerPoint (not including th..
To what extent do you think citizens of the developed world are aware of global warming, acid rain and to what extent are they responsible to alleviate these threats? Make answer as brief as possible.
A description of a middle-range theory that could be applied to the problem. Is this middle-range theory appropriate to your identified problem?
The annual demand for a product is 1,000 units. The company orders 200 units each time an order is placed. The lead-time is 6 days. There are 250 working days per year. If the reorder point is 50, what safety stock are they using
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