Questions and Answers of Entrepreneurship Starting Operating

How did Terry and Dawn Hall identify the market for Happy Belly Curbside Kitchen? What process did they follow to analyze opportunities?
You own a small record label. You sell CDs through your Web site for $15, including shipping and handling. You get an offer from someone who owns a record store in Germany who would like to sell your
If the FX rate between the Japanese yen and the euro is 189.35:1, how many yen will equal 10 euros?
If the FX rate between the U.S. dollar and the Japanese yen is 1:119, how many yen will it take to equal $20?
Is there a service presently available to only a few consumers, or one that is not available yet? Write about a service that you can imagine eventually becoming very popular and the need(s) it will
When Steve Wozniak and Steven Jobs envisioned a computer in every home, computers were large, expensive machines owned only by the government, universities,
A record store that sells $1,500 worth of CDs per day to 75 customers per day.
Sue, of Sue’s Sandwich Shoppe, sells sandwiches and sodas from a sidewalk cart in a popular park near her house. She sets up her cart in the summers to earn money for college tuition. Last month
A restaurant that serves $2,100 per day in meals to 115 customers per day.
Gross profit is a business’s profit before which other costs are subtracted?
Describe three core values you will use to run your own company.
Use the following charts to define a business you would like to start and analyze your competitive advantage. Sample answer below.
Prepare a Business Model Canvas for Honest Tea based on the business plan included at the end of this chapter.
Why is it important to identify an organization’s “culture”from the beginning?
Name three categories of investors/lenders that might have an interest in your business plan.
Print an assignment or anybody of text, with 1-inch margins, double-spaced, using12- point Times New Roman. Then, print the same document with 0.8-inch margins, single-spaced, and using
What are the parts of a Business Model Canvas? How can the entire canvas assist an entrepreneur?
Explain why a prospective business founder might want to create a feasibility study or Business Model Canvas before developing a complete business plan.
Interview an entrepreneur, preferably in person. Entrepreneurs are busy people, but many are willing to spend time talking with someone who is interested in what they are doing. Meeting over-alight
Have a conversation with a friend or relative. Discuss things he or she finds frustrating in his or her area/neighborhood.a. Write-down these complaints.b. Generate at least three business
What would be the best thing about owning your own business? What would be the worst? Why?
Compare and contrast the meaning of a business opportunity and a business idea.
Summarize three facts about capitalism.
It will probably take about three months for your business to start earning a profit. Do you agree or disagree? Why? If you disagree, how long do you expect it to take? What are the three most
Explain how profit works as a signal to the entrepreneur.
Define small business. How, if at all, does this differ from what you would have expected the definition to be?
If you were to start a business five years from now, what would be your opportunity cost? In other words, what is the next-best use of your time? How much money could you make working at a job,
Choose three non-financial benefits of entrepreneurship that might be important to you. Write a paragraph about each.

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