2. WiscTel, was started in Ghana by Kimberly and Brian, two Wisconsin International University

college students. The two discovered that an opportunity existed to start a company that would

connects phone users to interoperate inexpensively and conveniently. With the phone they can

make digital payments. Are there any opportunities available to them?

With practical examples, Describe three (3) general approaches WiscTel can use to identify

opportunities in Ghana.

(3) marks

WiscTel realized that small merchants, marketwomen, farmers, suppliers and distributors

can make digital payments. Help them to identify four (4) environmental trends that are

most instrumental in creating business opportunities in Ghana and in the Sub African

Region. (4) Marks

ili) Discuss (3) personal characteristics that make some people better at recognizing business

opportunities than others. (3) Marks

3.

For Ghana to achieve economic development, she must embrace entrepreneurship. How can Small

and Medium Scale Entrepreneurs identify sources of personal financing?

i Identify the three sources of personal financing available to entrepreneurs. (3) Marks

iN) For a viable venture to be born, an entrepreneur is required to apply his knowledge, skill, competencies and

creativity strategically to market'. There are economic benefits that she would gain by "Bootstrapping"?

Discuss five (5) ways entrepreneurs can bootstrap. (5) Marks

if) Describe the difference between a business angel and a venture capitalist. (2 marks)

Discuss the five major factors that have prevented most Ghanaian entrepreneurs to discuss the

way they operate their business. (5 Marks)

il. Distinguish between a partnership and a sole proprietorship. Write five such differences

Hii Describe Me Appiah's attitude towards risk and failure 12 marks) 2. WineTel, was started in Ghana by Kimberly and Brian, to Wisconsin International University college students. The two discovered that an opportunity existed to start a company that would commects phone users to interoperate inexpensively and conveniently. With the phone they can make digital payments. Are there any opportunities available to them? ) With practical examples, Describe three (3) general approaches Wisc Tel can use to identity opportunities in Ghana (3) marks ) Wise Tel realized that small merchants, marketwomen, formers, suppliers and distributors can make digital payments. Help them to identify four (4) environmental trends that are most instrumental in creating business opportunities in Ghana and in the Sub African Region (4) Marks fit) Discuss personal characteristics that make some people better at recognizing business opportunities than others (3) Maria 3. For Ghana to achieve economic development, she must embrace entrepreneurship. How can Small and Medium Scale Entrepreneurs identify sources of personal financing? b) Identify the three sources of personal financing available to entrepreneurs. (3) Marks ii) For a viable venture to be bom, an entrepreneur is required to apply his knowledge, skill competencies and creativity strategically to market. There are connomic benefits that she would gain by "Hootstrapping Discuss five (5) ways entrepreneurs can bootstrap (5) Marks Describe the difference between a business angel and a venture capitalist. (2 marks) + Discuss the five mujor factors that have prevented most Chunzion entrepreneurs to discuss the way they operate their business (5 Marks) in. Distinguish between a partnership and a sole proprietorship. Write five such differences