ASSIGNMENT HELP | It has been said entrepreneurs are often risk takers with a high tolerance for risk.

ENT-3004

Please 4 individual and separate discussion topics below. Each discussion must be a min of 4 sentences (120-160 words min) and 1 source and a key point.

Discussion 1

 It has been said entrepreneurs are often risk takers with a high tolerance for risk. Do you think this statement is true? What is your definition of an entrepreneur? What are the rewards of starting a business? What are the risks? Briefly discuss two of the myths presented in the chapter. Be sure to cite any sources used (in APA format).

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Discussion 2

As leaders, we all have strengths and weaknesses. There is so much to manage on a daily basis! Think about the various aspects of running your enterprise – people, money, marketing, etc. What aspects do you believe would play to your strengths and which would you struggle with? Research a leadership style in relation to what you learned about the successful entrepreneurial skill set. How does this leadership style contribute to running a successful business?

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Discussion 3

Create a list of 5 ideas for a new venture; include a brief description of each. Then select your top two ideas and write a brief paragraph about the potential of each, explaining why you think it’s a good idea. Research a franchise you might like to start. Discuss opportunities and costs.

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Discussion 4

Research a business that has had cash flow problems. How did they handle the situation? Have they implemented ways to make sure it does not happen in the future? How do you feel they handled the situation?

MODEL ANSWER

ENT-3004 Discussion

Discussion 1

Entrepreneurs are risk-takers with a high tolerance for risk. An entrepreneur is a person who organizes and operates a business, taking on greater than normal financial risks with the hope of succeeding. Entrepreneurs have a high tolerance for risk because when they see an opportunity, they | PLACE YOUR ORDER NOW AT writtask.com | may either be successful or may flop and it is not possible to tell the ultimate outcome. Starting your own business can have many rewards including flexibility and independence that is never accorded by formal employment, personal | PLACE YOUR ORDER NOW AT writtask.com | may also pose some risks including the risk of failure, high startup costs, work-life balance issues, and cash flow problems.

One of the myths about entrepreneurship is that entrepreneurs | PLACE YOUR ORDER NOW AT writtask.com | true because in most cases for one to start their own business they have to quit their regular employment to focus their effort on their new | PLACE YOUR ORDER NOW AT writtask.com | entrepreneurs. When an entrepreneurial venture turns out to be crappy, the entrepreneur will inevitably quit at some point and reflect on the next course of | PLACE YOUR ORDER NOW AT writtask.com | important thing is to know what to quit and when | PLACE YOUR ORDER NOW AT writtask.com | a myth that entrepreneurs are certain of what they want and how to get it. This is untrue because entrepreneurship is about trying, failing, retrying, and succeeding then retrying even more. Many entrepreneurs hardly plan; all they do is following their gut.

Discussion 2

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I am also good at strategic planning and this would facilitate creating a winning strategy for the | PLACE YOUR ORDER NOW AT writtask.com | strategic planning, the business will identify opportunities and plan how to stay ahead of external forces such as changing consumer behavior and competition.

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