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Questions and Answers of Entrepreneurship

How do you measure impact such as happiness, friendship and confidence? Do we put enough emphasis on these kinds of ‘soft’impact in the social sector?
Can two models/approaches ever be a good thing? If two models emerge from your idea, how do you deal with them?
One of FoodCycle’s pieces of advice is to start small and go one step at a time. What do you see as the first steps in your project?
How important is the FoodCycle brand in its success?
What do you think of the potential of FoodCycle’s social franchise model for its future growth? Can it be applied to other organizations in different sectors?
For FoodCycle, food waste was a problem that was turned into a solution to food poverty. Can you think of a similar situation, where a problem might become a solution?
How does FoodCycle use food to help achieve its mission to ‘build communities’?
Kelvin commented on how powerful food could be as a tool to unify people. Why do you think food has this influence?
At what point does an organic movement need to professionalize?Indeed, does it ever need to professionalize?
Technology (like mobile phones) is often paid for by the users of that technology. What changes when a third party (eg a donor) is paying for the technology? What are the pros and cons of each
Compare the business model of Apple or Google to the business model of an organization working in ‘technology for development’.For each, where does the revenue come from? What is the product(that
Why are simple, free, self-service apps like Facebook and Google Maps so common in consumer applications, but so rare in international development? Is this a technology issue, or a business model
Given that free open source technologies in international development generally require much more technical assistance than free closed source, does this explain the preference of development
How do consultant-based business models in technology, and international development, foster dependence on the part of aid recipients? Is the emphasis on ‘free and open source’ technologies,
Visualizing Impact has an exit strategy – to shut down when its work is complete. Why do so few organizations in the NGO sector have exit strategies? Does this imply that many only exist for their
What is the role of technology in social change? What are some examples of technology-led approaches that have succeeded?Failed? What role did the technology really play?
Consider a project you are working on. Does this project relate to a vision for your lifelong journey? How?
What do you think about the relationship between competition and collaboration? What are some examples of potential competitors joining forces?
Have you ever used impact metrics to support a pivot or to move away from an idea in which you were previously deeply invested?
Share an example of a media or content creation project that you find impactful. How did you personally engage? Why did the content make a mark on you?
Have you encountered any models of innovation operating in volatile contexts? How did they foster resilience?
What sites of knowledge creation do you believe are underrepresented? Why?
Do you feel that the knowledge produced in spaces like universities, or in an organization like the World Bank, operates in isolation?Give some examples to support your answer.
Priti’s story talks about unexpected tragedy and an unforeseen stroke of luck that led her on her path. Does anything about this resonate in your own life? What do you think it would take for you
‘Companies who spend vast amounts of money on research and development should be entitled to sell the end product at whatever price they like, even if that does mean some of the poorest and most
How important is it that highly skilled and professional people, such as lawyers, turn their backs on lucrative business careers and take on issues, such as drug patents, that few other people could
How do you feel about people’s lack of access to life-saving drugs?Should it be a basic human right to have access to treatment if it exists, and is available?
Like Priti’s grandfather, is there anyone in your life that has directly influenced the course of your life? Who, and how?
Martin Luther King had a dream and engaged people in civil rights.Dreams have the power to show you an image of what you can do to improve your and others’ lives. What is your dream to improve your
The majority of people who have access to the web use technology tools for personal reasons and only a very small minority are empowered to create social change through the available tools.What could
Social media and the internet are becoming increasingly important tools for activists and socially-focused organizations. Is there a danger that we might focus too much on what happens online, and
CDI’s methodology encompasses the use of technology to solve social problems. What are the greatest challenges in your community and what business opportunities could you derive from them?
I had two great triggers that pushed me into working for social change. The first happened when, as a teenager, I had the chance to mediate in conflicts between homeless children. The other was a
The UN adopted the Sustainable Development Goals in 2015 and aims to lower maternal mortality worldwide to less than 70 deaths per 100,000 live births. What are effective strategies to lower maternal
The Solar Suitcase provides health workers with medical lights, phone charging and fetal monitors. What other interventions are needed to improve obstetric care for mothers and babies in rural health
What would be the most effective ways for We Care Solar to replicate its model in new countries? What might be some of the challenges?
Several investors encouraged We Care Solar to incorporate as a forprofit business rather than a non-profit business. How would that have influenced their trajectory?
What do you think might be the total energy needs of health centres? In that light, what are the benefits and limitations of the Solar Suitcase?
What were the risks and benefits of introducing a range of early Solar Suitcase prototypes into the field?
Can you identify ways in which We Care Solar did not follow traditional rules of business?
If you were designing a study of some other underrepresented group in entrepreneurship, how would you go about it? What would you need to know to formulate your research questions?
Even though venture capital investment has tripled for women over the past 15 years, there is still a long way to go. What do you see as the primary obstacles for women in entrepreneurship?
What do you see as the value of studying women’s involvement in entrepreneurship?
What did you learn that was most unexpected?
In what ways did the story motivate you (or not)?
In what ways did your chosen entrepreneur confirm your beliefs and expectations?
How do you describe yourself to others?
Who helped you most along the way?
What moments do you remember most?
What resources did you use to start? Where did they come from?
What excited you most about starting the venture?
What worried you the most as you started the venture?
How does an entrepreneur have control over his or her own future?How is being an entrepreneur different from working in a “regular”career when it comes to control and decision making?
To what extent do you agree that entrepreneurship is “a marathon, not a sprint?” Provide some examples to support your position.
In what ways do you see Niari Keverian as being totally dedicated to the success of ZOOS? What does dedication mean for the entrepreneur?
6 How This Book Will Help You Practice Entrepreneurship
5 The World Is Participating in Entrepreneurship
4 Types of Entrepreneurs
3 A Brief History of the Evolution of Entrepreneurship in the United States
2 Entrepreneurship May Be Different From What You Think
1 Entrepreneurship Requires Action and Practice
5 Illustrate the global diversity of entrepreneurship and its impact.
3 Explain the history of entrepreneurship in the United States.
If you were faced with disapproval and criticism from your company’s advisors and other industry professionals, what steps would you take to prove your vision could be successful?
If you were Poon Tip and your company had gone bankrupt and the market was evolving with new technologies and processes for booking flights, describe the thought process and market indicators you
What do you think Poon Tip used to maintain his delusional optimism—why did he keep fighting for this business instead of giving up?
What resources would you need to have or acquire in order to have the type of venture you envision in terms of both mission and impact?
Lay out a five-year plan for growth at both the corporate and the individual location levels (that is, show how you can increase revenue per store).
What are the advantages and disadvantages of franchising versus other means of growth?
If he chooses growth, is franchising the best way forward?
Should Dan grow Lazybones or maintain it as a lifestyle business?
The Canadian government states that to be able to offer donors charitable receipts for donations, an organization must become a registered charity meeting the following criteria:Given the expense
What would you recommend Acme do about PDFix now and why?
If you were a founder of Acme, what type of financing would you want Acme to pursue and why?
Identify the various government checks and balances on the Canadian marketplace for drugs that directly impact the marketplace conditions Acme willface for PDFix.
What provisions should you have in your shareholders’ agreement? What kind ofsalary will you draw? When will you draw it? What provisions do you have for disposition of equity (e.g., death or
What will you name your business? Are there other businesses using the same or a similar name?Where will you check this? Have you registered your name with the relevant government authorities?
What legalform should you choose for your new business (sole proprietorship, corporation, etc.)?What criteria will you use in your decision?
When should you engage a lawyer? What criteria will you use in your decision?
What fiduciary duty do you have with your current employer? Does your proposed new venture rely on confidential information belonging to your previous employer? Are you materially interfering with
What are the implications on valuation for the different sources?
Where can Shane raise the necessary money to build the prototype?
Is feed an opportunity?
Post sale, would you have stayed on with Yellow Pages Group to continue working on RFD?
If you were in Derek’s position, would you have made the decision to sell, knowing that there was potential to grow with third-party assistance?
If you were in Derek’s position, would you have taken venture capital? Why? Why not?
Compare Derek’s two options, raising externalfunding or exit and sell:a. What were the key points to consider?b. How would you decide which option to take?
In the last chapter, you created a funding strategy. Now think about how you will gain access to angels and venture capitalists. Who can make introductions on your behalf?
How can you bootstrap your venture? What services can you get for free or at reduced rates?What equipment can you lease or buy used?
Imagine Andrew has approached you as a potential investor. Has DayOne proven the model yet?What are your concerns? Would you invest?
What other options might be considered for raising the funds needed to move the company ahead?
What more can the members of the DayOne team do to build credibility and improve their chances ofsecuring the capital they need to implement the business plan?
Is the proposed financing sufficient to cover the company’s cash-flow needs? What happens ifsales are not as high or quick to materialize as expected?
Do the financial projections accurately capture all the expenses that are implied in the written plan(refer back to the previous chapter)?
How do the revenues per employee compare to industry standards? Again, can you explain the variances?
How do the common-sized income statement ratios compare to industry standards? Can you explain the variances in a way that makes the projections seem sound?
Refine your projections. Who can you talk to that is knowledgeable about your business(customers, vendors, competitors)? What secondary sources can you find (Hoovers.com, Robert Morris and Associates
What areas need improvement?
What are the three strongest aspects of the plan?
What three questions do you think Antonio and J.B. need to answer through further planning before they launch the venture?

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