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entrepreneurship theory process practice

Questions and Answers of Entrepreneurship Theory Process Practice

Describe your record-keeping system.B. List the types of bank accounts you will open for your organization.
Describe your record-keeping system.B. List the types of bank accounts you will open for your organization.
Where do you intend to sell your product? Describe the advantages and disadvantages of your location(s).B. What are the surrounding businesses? Access routes?C. If vehicular traffic is important to
Identify the ways you plan to promote your product or service, including the message, the media, and the distribution channels.Describe why you have chosen these methods and why you think they will
Describe your pricing strategy and structure and the gross margins you expect to generate.B. What will your discount structure, if any, be?C. Will you accept personal checks from customers? Credit
Explain how your marketing plan targets your market segment.B. What percentage of the market do you feel you need to capture for your business to be profitable?C. Write a positioning statement for
How do you define/describe your competition, both direct and indirect?B. Describe your competitive advantage.C. Find three competitors and describe them.D. Describe any international competitors you
Perform a SWOT analysis of your organization.B. What extemal!environmental factors are likely to impact your business?C. Are there customers for your business in other countries? How do you plan to
Describe your research methods (surveys, focus groups, general research, and statistical research).B. Describe your target customer along as many dimensions as you have defined (demographic,
What is Jackson's leadership style?
List some examples of why the women might see the reprimands as unfair or unjust.
What are the arguments for and against notifying Agritechno's growers? What is the basis for each argument?
What are the arguments for and against notifying Agritechno's investors? What is the basis for each argument?
Why are Andropov and Brown frustrated and angry about the suggestions from Holbrook, Girard, and Castillo?
Nick and Dennis sought legal counsel when their chairperson simply stopped working and they had to slow down their growth plans. Comment on how you think this affected them and the company.
Enablemart's founders created a board of advisors early in the life of the company.How might they have taken advantage of the advisors' counsel when hiring their chairperson?
Visit a local brick-and-mortar business (not a Web site) where you buy products or services. Go through your shopping experience as you normally would. Once you have left the premises, describe its
What would push you to fire an employee? List five reasons that you believe would justify termination. Describe how you would handle the firing.
What are the 10 functions of management? Why are they important?
Fill out a PERT chart for your business or one that you can imagine, or use Microsoft Project or other software package to do the same thing.1
What are the benefits of a well-executed performance-appraisal process?
Incorporate social responsibility into your company.
Pursue ethical leadership to build an ethical organization.
Understand the functions of human resources management.
Determine your organizational structure.
Develop your organizational culture.
Describe the 10 basic tasks handled by managers.
Identify leadership styles.
What were the main differentiating characteristics of ONLC's remote classroom instruction offering, compared to the competitors who were also offering virtual training?
How can ONLC have over 200 locations and maintain an efficient cost structure at low volumes in each?
Visit the Web site of a business that you know has at least three locations in your area (preferably not a franchise or chain).a. Obtain the addresses of the locations nearest to your home(up to 1
Assume the following about Magnetic Poetry's cost structure: The wholesale price for one Original Magnetic Poetry Kit is$9.50. The retail price is $20. It costs the company as follows:$2.50 to
Go online and visit Magnetic Poetry's Web site at http://www.magneticpoetry.com.What other products has the company developed? How do these products connect to Kapell's original concept?
As Magnetic Poetry evolved from a startup into a thriving business, Dave made the decision to change his legal structure from a sole proprietorship to a Subchapter S corporation. What are the
Do you think it was a good idea for Kapell to sell his 40 percent ownership of U.S.Magnetix? What are some things he will need to consider now that he no longer has an ownership stake in the
Magnetic Poetry kits are currently sold in bookstores, specialty gift shops, and online.Brainstorm three additional distribution outlets for this product.
What form of organization would you recommend to the group and why?
What information about forms of organization does the group need?
Assume you and a friend have decided to produce and sell recordings of your original songs. Which legal structure do you think would work best?Explain. What type of intellectual property protection
Which legal structure will you choose for your business?Sole proprietorship_--::---;,-----Partnership _____ _ Limited partnership __ ---,-_.:....___ C corporation _____ _ Subchapter S corporation.
Why would an inventor sell the rights to an idea?
How was FASTSIGNS's growth financed?
How did the founders finance the start-up of FASTSIGNS?
What are some of the keys to Salomon's success with FASTSIGNS?
How did Gary Salomon exploit an opportunity to start FASTSIGNS?
When, if ever would you advise Sandra to approach mainstream lenders?
What factors made Sandra's company a business that did not qualify for mainstream financing (specifically discuss the C's of credit)?
Why did Sandra Nieto tum to microlending as a source of capital for his business?
Visit http://www.privacyrights.org/fs/fs6-crdt.htm to learn about your rights to financial privacy, and then answer the following:• Who has access to your credit reports?• What information cannot
Search for Community Support Agriculture on the Internet. Why might it be good for Holterholm Farms to have a CSA? What are the risks involved? Why would consumers be willing to pay for their produce
How can adding beef, eggs, and produce be beneficial from a cash flow perspective?
Why did switching to entirely grass-fed dairy cows improve Holterholm Farms'cash flow?
Visit www Business Owners Idea Cafe online and use the tool at http://.businessownersideacafe.com/financing/index.htm to figure out how much capital you will need to get your business off the
Print the tax documents list available at http://www.ideacafe.com/bizforms/tax.html and highlight the forms that a C corporation producing glass bottles would need.
What is the debt-to-equity ratio of the Portland Freelancers' Cafe?
Evaluate Amy and Steve's income statement for their first month of operation:a. Is the cafe operating at a profit or a loss?b. How many units above or below breakeven were sold?
What do you think about the word boss?Would you rather be supervised by a person who is more of a teacher or mentor or coach than one who simply tells you what to do?
Why did Lorraine decide to involve her employees in the financial aspects of her business?
How do we know what others think of Lorraine and her business?
How did Lorraine finance the start-up of her business?
How can a person's life experience affect the way he or she manages people? Use Lorraine Miller's story to illustrate one example.
Use the Internet to find the balance sheets of two companies with which you are familiar. Use percentages to analyze these balance sheets, and compare how well each is doing against the restaurant
Calculate the financial ratios (ROI and ROS) for the monthly and the yearly income statement. What do the financial ratios tell you about this business?
Given the following data, on a separate sheet of paper create monthly and yearly income statements for this fast-food restaurant in New York City:a. Sales for the month of June were $300,000. Sales
Using Exhibit 8-12, the balance sheet of Angelina's Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business.
Perform same-size (common-sized) analysis of an income statement.
Perform a financial ratio analysis of an income statement.
Brainstorm three things Richard might have done differently in planning his party to increase his sales revenue.
One of the reasons why Richard earned a substantial profit is because he convinced his personal contacts to provide their services at a discounted rate. If Richard decides to grow his party-planning
Assume that Richard decides to start a party-planning business:• Identify two ways he could assess the cost of goods or services sold for this business.• Which costs, described in the case, would
What was the mix of funds used by MooBella to get started?
Ask an entrepreneur in your neighborhood to discuss his or her accounting system. Write a one-page essay about the pros and cons of the system and use it to make an oral report to the class.Would you
Imagine that you have invented a guitar strap that goes over both shoulders, thereby reducing shoulder strain for the guitarist. This item could be a big seller, but, before you can apply for a
Discuss the company's global marketing.
Take a look at Done's retail stores on the Internet. Set the pricing to USD and browse through the Web site. What pricing strategy is employed by the company?
How are his products distributed (through what channels)?
What is the product mix that Ken Done's enterprises have developed?
How does Ken Done incorporate the Four P's into a creative, effective, integrated marketing effort?
How can growth cause issues in customer service? How did DFH address this?
What is the relationship between the sales strategy for DFH and its pricing strategy?
Why is sampling an important part of the sales process for DFH?
How do members of the sales force participate in goal setting?
What are the roles of the customers of DFH?
According to Sam Calagione, what does education have to do with sales?
Through which channels does Dogfish Head sell its products?
How do Kay and Steve support their customers and colleagues, and utilize customer referrals?
What principles of selling do Kay and Steve employ to sell Conversation on Networking?
List three things that Kay and Steve have done that you could adopt to help build business relationships.
How does Conversation on Networking reinforce the importance of selling based upon benefits?
Interview an entrepreneur about the type of CRM he or she uses.Discuss customer service and complaint handling in particular. Summarize the interview in a short paper.
Visit three businesses in your community and take notes on your experience as a shopper. Write a memo comparing the customer service at each. Include such information as the following: Were you
Arrange to receive a sales pitch from a competitor in the business field that you intend to enter. After the presentation, write down your objections to purchasing the product or service. Use Brian
Write a memo to your partner discussing his or her sales calls and how they could be improved. Use the eight steps of a sales call in the text as your guide when analyzing your partner's efforts.
Develop a one-minute sales pitch for three items that you are wearing. Try out the pitch for each on a partner. Have your partner help you time the pitches to one minute. Do the same for your partner.
Give three reasons why it is important to keep collecting market research even after you have opened your business.
Have you created any marketing materials for your business? If so, have three friends and a mentor (someone older whom you respect and who can give you good business advice) look at your materials
Identify five specific sales call prospects for your business. Prequalify them using these questions: (1) Is the prospect in my market? (2)Does he or she need my product or service? (3) Will my
List five things you intend to do in your business or in the home and office delivery-and-pickup dry cleaning company to offer superior customer service.
Describe a business that you deal with as a customer. Describe the customer service at this business. What do you like or dislike about it? How could it be improved?
Create a customer profile database for your own business or a home and office delivery-and-pickup dry cleaning service containing at least 20 data fields. Which five questions would you ask every

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