Being an entrepreneur-assume the risk of business ownership

Assignment Help Operation Management
Reference no: EM131435756

Being an Entrepreneur? The text describes being an entrepreneur as very risky, and offers that it requires certain characteristics to be successful. This kindly provides some real-life responses to validate why someone would give up the security of working for others to assume the risk of business ownership? Find out by interviewing two or three small-business owners in your area. Ask them the questions listed below. 1. Did you ever work for someone else? If so, why did you stop? 2. Why did you want to go into business for yourself? 3. What expectations did you have when you started the business? 4. Which of these expectations were fulfilled? 5. Which of your expectations were not fulfilled? 6. What advice do you have for an entrepreneur thinking of starting a new business today?

Reference no: EM131435756

Questions Cloud

At what point does marketing become lying : The text has an interesting highlighted article, "At What Point Does Marketing Become Lying?" Do you have any examples of when a marketing strategy may cross over the ethical border. How is the disney Upward Communication utilized( In general speakin..
Executive development program : You have two minutes to make the case for integrating a training course on follower-centered leadership in your organization. Imagine you are walking down the hall with the CEO. You are the director of training and development. How would you make the..
Centered leadership builds on two leadership models : The study of follower-centered leadership builds on two leadership models: Transformational and Servant Leadership. What is the connection between these two models and being a follower-centered leader?
Discussed throughout quantitative decision making : Reviewing the many decision making processes discussed throughout Quantitative Decision Making, identify the two that you found most beneficial to your professional development (MBA in Finance) and why.
Being an entrepreneur-assume the risk of business ownership : Being an Entrepreneur? The text describes being an entrepreneur as very risky, and offers that it requires certain characteristics to be successful. This kindly provides some real-life responses to validate why someone would give up the security of w..
Why did the wagner act have a major impact on employee right : Why did the Wagner Act have a major impact on employee rights? Your response must include specific details based on your reading of the chapter and any additional resources. Also, be sure to use a bibliography and cite any sources used in your essay.
What step of the control process is the manager enacting : The manager of the Berkeley Medical Clinic adds several items to a checklist of exam room preparation responsibilities after finding his staff inconsistently preparing rooms. What step of the control process is the manager enacting? What would be exa..
Can you think of a way to mitigate risk when forecasting : What are some of the advantages and disadvantages of flexible work arrangements? Describe what you see as the role of Organizational Development, and what will make it strategic - be specific. Think of some of the challenges that decision makers face..
Negative net profits after taxes : How is it possible that a firm can have a net loss (negative net profits after taxes) and still have positive cash flow from operations? In this instance, the net loss occurred even when depreciation and other non cash charges, during the same period..

Reviews

Write a Review

Operation Management Questions & Answers

  Environmental testing client decides late in a project

Due to the Bush Administration's relaxed EPA standard, an environmental testing client decides late in a project that the arsenic detection instrument included in the custom field labs they ordered is no longer needed. As project manager, what is you..

  What is the status of capacity at the firm in the year

Assume that in 2006, Eye Associates (Problem S7.9) has 8 machines, each capable of producing 2,500 lenses per year. However, the new and best machine then on the market has the capability of producing 3,000 per year. What is the status of capacity at..

  Contemporary marketing

Market planning falls into three broad categories; formal, informal, and behavior marketing planning. What is the significance of each of these market planning types? In your opinion what category is most effective? Why?

  Jfferson and sons has net assets of 807200 net equity of

jefferson and sons has total assets of 807200 total equity of 509500 total sales of 945300 and net income of 25600.

  Determine an effective span of supervision

Explain and provide examples of the factors that help determine an effective span of supervision? What is organizational design and how does it relate to the organizing function? Discuss the dimensions of authority possessed by attending physicians a..

  Business professionals-is the concept applied consistently

Once again, use sources that would be acceptable to business professionals. The ethical models were discussed in chapter 5 and the corresponding lecture(s). Use a true essay format or memorandum. Is the concept applied consistently? In which countrie..

  What are some of the limitations of learning curves

What are some of the limitations of learning curves? - Identify three applications of the learning curve. - What are the approaches to solving learning-curve problems?

  How backward pass differs for these two project types

Some projects have a fixed due date while others have to be finished as early as possible, and the project manager only makes commitments on the completion date once she and her project management team have scheduled the project. Explain how the back..

  More money is spent on medical care

Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?

  What is the feasible quantity

A company will begin stocking remote control devices. Expected monthly demand is 900 units. The controllers will be purchased from RCD supplier offering price breaks for quantities. What is the feasible quantity? What is the total annual ordering cos..

  Regulate and control the compensation for executives

Do you think the federal government should regulate and control the compensation for executives? Why, or why not? If you are in favor of this idea, please share your ideas on how this could be done.

  What is the IRR of this investment

CPM Construction plans to buy a truck for $150,000 and expects $100,00/year as an income. The company plans to sell it fro $15,000 at the end of Year 5. The annual operating cost of the vehicle is $60,000. 1) What is the IRR of this investment? 2) If..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd