What are the pros and cons of patenting a product?

Assignment Help Business Management
Reference no: EM13871576

1. Why are small businesses an important consideration for state and federal politicians?

2. Explain, in your own words, Schumpeter's view of entrepreneurship's role in an economy and society.

3. What are the stages described in the model of the entrepreneurial process? What are the factors that give birth to a new enterprise and influence how it develops from an idea to a viable enterprise?

4. Explain the rationale behind the statement, "A first class team with a second class idea is better than a second class team with a first class idea."

5. Why is the statement, "My startup has no competition," always wrong? How can you find out about your competitors?

6. What can an entrepreneur do when there are no business opportunities at all?

7. What are some of the trade-offs of the first mover's advantage?

8. Why is marketing critical for entrepreneurs?

9. Why is the marketing done by entrepreneurs different from marketing done by established companies?

10. Explain why solo entrepreneurs are generally less successful than team players.

11. Describe the pros and cons of a dual job strategy at the early stages of the venture.

12. Three major problems your team may face are burnout, interpersonal conflicts, and family pressure. Describe how you can prevent and overcome them.

13. Inexperienced entrepreneurs often believe the misconception that a business plan is solely designed as a brochure for investors. The financial benefits of using a business plan to raise capital are well known. What are some additional benefits?

14. What are the critical risks entrepreneurs need to identify in the business plan?

15. Explain why it is important to construct pro forma financial statements for new ventures.

16. Describe venture capital investing from the perspective of the firm's general partners.

17. Name the ways of valuing a business, and explain why none of them can be called ideal.

18. Give a list and a brief description of the possible ways to finance a new venture.

19. Name at least eight criteria an ideal candidate for venture capital has to meet.

20. To qualify for assistance from the Small Business Administration, the proceeds of an SBA-guaranteed loan must be used for what purpose?

21. What are the pros and cons of patenting a product?

22. List the common business entities and describe them.

Reference no: EM13871576

Questions Cloud

Journal entry for nolan to record the conversion : Nolan Corporation has outstanding convertible bonds with a face value of $15,000 and a current book value of $17,500. Each $1,000 bond is convertible into 25 shares of common stock (par value $5 per share).
The western to the eastern world : Though no one can deny that China has recently risen as a world superpower, the implications of the country's new status remain unclear. In When China Rules the World, author Martin Jacques argues that China competes with United States to attain glob..
Question regarding the relative humidity : A horizontal pipe 10 inches in diameter is covered with an inch of insulation that is 36% voids. The insulation has been soaked with water. The pipe is now drying slowly and hence almost isothermally in 80 °F air that has a relative humidity of ab..
What is mass and how does it affect energy : How do Potential and Kinetic energy apply to the Law of Conservation of Energy - What is Mass and how does it affect energy - calculate the potential energy for each ball on each ramp and how is it a type of potential energy?
What are the pros and cons of patenting a product? : What are the pros and cons of patenting a product?
How much are agiles shareholders likely to gain or lose : The synergy created through the combination of Agile and Mobile adds 10 percent to the value of the combined firm. How much are Agile's shareholders likely to gain or lose through this acquisition?
Charli carpenter argued that the proposed military intervent : Charli Carpenter argued that the proposed military intervention in Syria in 2013 did not meet the standards set forth by R2P proponents. This is still the case today. Does this mean that the (in her words) "deeply cautious and tentative compromise be..
How are gains to bidding firms related to exchange rates : In what ways are the winners and losers in cross-border M&A different than in domestic U.S. M&A? How are gains to bidding firms related to exchange rates?
Find the dissolution rate of a cholesterol gallstone : Find the dissolution rate of a cholesterol gallstone 1 cm in diameter immersed in a solution of bile salts. The solubility of cholesterol in this solution is about 3.5 · 10 -3 g/cm 3.

Reviews

Write a Review

Business Management Questions & Answers

  Why this will make company more competitive

A company well regarded in community it's located in also concerned with this built reputation, is thinking of outsourcing one of its product lines; this will make company more competitive also presumably allow firm to grow.

  Business and society as an interactive systemdescribe the

business and society as an interactive systemdescribe the relationship between business and society and the ways in

  Describing amazon strategy

Examine whether this is a wise strategy and address the subsequent: Illustrate the components of the Amazon database and explain how Amazon uses each component.

  What is the exchange rate among the us dollar

It is likely you have thought of an idea(s) for entrepreneurial new-economy ventures.what is the exchange rate among the U.S. dollar and the Mexican peso?

  Can organizational culture increase effectiveness

Can organizational culture increase effectiveness - In what ways can organizational culture increase organizational effectiveness?

  Cultural challenges into opportunities

An American of Czech origin and a franchiser for Chicago Style Pizza, I have decided to expand his business into the Czech Republic.

  Disadvantages to the formation of the european union

Can you think of any disadvantages to the formation of the European Union from a business perspective

  Explain many projects are implemented for internal customers

Explain Many projects are implemented for internal customers. What are some project types that are for internal customers

  When glade brand air freshener began marketing a clean linen

When glade brand air freshener began marketing a clean linen-scented air spray, this represents which new product category.

  The fastest growing channel in retail commerce

In a 500 to 1000 word narrative, describe how the original vision of e-commerce did not work out for most e-tailers, but how the online retail marketplace is nevertheless the fastest growing channel in retail commerce.

  Explain personal opinion as to what your recommendation

Explain personal opinion as to what your recommendation would have been if faced with the same circumstances

  Principle dangers of cost leadership approach include all

principle dangers of cost leadership approach include all the following except?the principle dangers of cost leadership

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