If you buy a McDonald's franchise and agree to pay a royalty fee of 12.5% annually, how much money will you owe McDonald's at the end of a year in which you sell $98,000 of product?…
“Oscar Wilde once said that youth is wasted on the young. But investing in the future, the leaders of tomorrow, is more than just good business sense – it’s a necessity for survival and success”…
Corporations, being the main one, but also LLC structures could possibly protect your personal liability.…
How much of innovation is inspiration, and how much is hard work? If it’s mainly the former, then management’s role is limited: Hire the right people, and get out of their way. If it’s largely the latter, management must play a more vigorous role: Establish the right roles and processes, set clear goals and relevant measures, and review progress at every step. Peter Drucker, with the masterly subtlety that is his trademark, comes down somewhere in the middle. Yes, he writes in this article, innovation is real work, and it can and should be managed like any other corporate function. But that doesn’t mean it’s the same as other business activities. Indeed, innovation is the work of knowing rather than doing. Drucker argues that most innovative business ideas come from methodically analyzing seven areas of opportunity, some of which lie within particular companies or industries and some of which lie in broader social or demographic trends. Astute managers will ensure that their organizations maintain a clear focus on all seven. But analysis will…
Entrepreneurship means the act of being an entrepreneur. It is as old as civilization. Many famous economist like David Ricardo and Adam Smith emphasized not much of the role played by entrepreneurship in the society. Richard Cantillon equated entrepreneurship with a capitalist, but it was Joseph Schumpeter who recognized entrepreneurship as the way out to bring about a dynamic change in the economy.…
‘Never before in history has innovation offered promise of so much to so many in so short a time’ Bill Gates, Founder of Microsoft Co.…
"Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage."…
Each student will interview an entrepreneur of his/her choice. The goal is to provide you with insights about entrepreneurship that cannot be obtained from classroom experience alone. Chose an entrepreneur in an industry that is personally interesting to you. While you may find it difficult to cold-call an entrepreneur, you will find that most entrepreneurs will be honored to be asked about their experiences and will be willing to meet with you. Entrepreneurs’ schedules are often tight, and your biggest challenge will be to find free time to meet them. Extensions will not be granted due to last minute scheduling. Each student will visit the company to meet the entrepreneur, observe how the venture operates. The company can be in any type of business, must be at least 3 years old, and employ 5 people. Written Assignment Write a 6-page 1.5 spaced paper that discusses what you have learned. Please make use of paragraph headings, sub headings and bullet points. (Total 100 points) • Describes the entrepreneur’s background, motivations for starting the venture, challenges in growing the venture. (~ 3 pages) (25 points) • Evaluates the value proposition (target market, product/service description and unique benefit). (~ 2 pages) (25 points) • Conclusion: what makes the company successful (or not)? What are your recommendations for improvement? (1 page) (25 points) • Discuss how the findings of the interview apply or are meaningful to you. What have you learned about your own potential to be an entrepreneur? (1 page) (25 points) The objective is to drill down into the venture and thoroughly understand the entrepreneur and how he or she does business. It is critical that you do not just deal with superficial questions and answers. The key is to probe, to ask why, to delve beneath the surface. What insights can you offer about the person’s career and your own entrepreneurial capabilities?…
Entrepreneur are one unique individuals that establishes and manages a business for the principal purpose of profit and growth. The entrepreneur is characterized by innovative behavior and implement strategic management practices in the business (Gartner, 1989). It is very important for any business students to know how entrepreneurs act and behave in order to learn and become successfull entrepreneurs in the future. Therefore, in this paper, we will discuss about two entrepreneurs in the business world. One is local entrepreneur, which is Mr Dahlan Iskan, former-CEO of Jawa Post Group while the other is iconic entrepreneur that has been very famous in the world, Steve Jobs. Although Steve Jobs has passed away, but his spirit and efforts are legendary and it will provide good comparison with local entrepreneur such as Mr Dahlan Iskan. Therefore, this can be used as a learning process about understanding how entrepreneur can be success in today’s business world.…
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.…
You are required to form a group and please select ONE (1) successful entrepreneur at Malaysia and do reports consist of the following items, which are:…
This business-plan is executed and performed for the purpose of attracting a sum of £17.500 from venture capitalists in exchange of the 15% share in our company. Appendix 1 shows a monthly cash flow prediction for the first 5 years of the company 's operations.…
MARA-UMS are collaborating together to create an event "International Conference on Entrepreneurship 2013' in conjunction with Entrepreneurship Expo @1Borneo Hyper mall, 29 Oct - 3 November 2013.…
We recommend acceptance of this manuscript in partial fulfillment of this candidate’s requirements for the degree of Master of Software Engineering in Computer Science. The candidate has completed the oral examination requirement of the capstone project for the degree.…
Oprah Winfrey was born in the South and though she had a fairly traumatic childhood, rose up to become a prominent talk show host and businesswoman. Through her company, HARPO (Oprah spelled backwards), she has expanded her stable of investments from the Oprah Winfrey Show, to O Magazine and Oxygen Cable Network. She was born in Mississippi in 1954 to…