and service charge being minimal 2. Change of strategy from company owned status to appointing franchisees for new stores and possibly for existing legacy stores with the franchisees required to bear the costs of property and hardware to reduce capital drain by introducing smaller stores with 20 to 30 PCs as a way forward 3. Plan to create quick growth with a goal of opening 10 stores per week over the next 2-3 years which could be completely unmanned with no staff aside from regular maintenance
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Entrepreneurial - Myths about Entrepreneurs Challenges and Risks Entrepreneurs are often thought of in terms of the risk they assume. Even the dictionary describes an entrepreneur as one who assumes business risks. However‚ like all prudent businesspeople‚ entrepreneurs know that taking high risks is a gamble. Entrepreneurs are neither high nor low risk takers. They prefer situations in which they can influence the outcome‚ and they like challenges if they believe the odds are in their favor.
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Background of the Proposed Venture MyTeksi also known as GrabTaxi‚ is a local based mobile technology company which has invented automated smartphone based booking and dispatch platform for the taxi industry across Southeast Asia‚ which is available in 6 countries‚ namely Malaysia
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in southern Poland‚ TVW was required to raise $2mm of equity capital by Dec 1994‚ an additional $2mm by June 1995 and to start broadcasting by December 1995. In addition to these capital requirements‚ the funding secured by TVW could not exceed 33% foreign voting control and no less than 51% original owner ownership with the Council having first right of approval for the foreign investors. In addition to the $4mm of secured capital‚ TVW also took out a loan with the local Polish banks in the
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agreement is enough to start a partnership however it is much recommended that partnership be formed based on a written legal partnership agreement. (2) Funding: Partnerships generally have a low startup cost. With two or more people investing capital in the company‚ the business will have a much stronger financial ground. Two or more people can also have better access to outside funds needed to run the business (3) Divided Responsibility: In a partnership responsibilities of running a business
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policy. The return policy can be difficult to understand. (Strategy 3) 4. By developing new applications‚ there is an opportunity to reach new markets. (Strategy 1) 5. Silicon Valley is home to some of the word’s biggest venture capitalist firms. Many Silicon Valley venture capitalists are looking to invest in green industries. (Strategy 3) 6. A team from Montreal won the contract. (Strategy __)
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Questionnaire for Existing Entrepreneurs We are making a quick study on the subject – “Women Entrepreneurship – Problems & Prospects” and in this context we have framed the following questionnaire. We are aware of your precious time‚ yet we venture to request you to spare a few minutes & give us your responses to following questions. Your responses are very valuable to us & will be extremely meaningful for our study. Thanks in anticipation. …. Ruchi Gautam Pant & IK Kilam
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start-ups spend more than they earn in the first couple of years. Customers may not pay you immediately but you still have to pay all your bills to keep trading. Make sure you have a contingency fund in case things go wrong. Try to have at least enough capital to cover projected expenses for at least six months – the nature of your particular business may mean you need more. types of finance Most new businesses use a mixture of finance - savings‚ borrowing from friends or family‚ personal loans and bank
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Review questions to individual chapters Bruce R. Barringer R. Duane Ireland Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall 2-1 Chapter 1 1. 2. 3. 4. Increasingly‚ entrepreneurship is being practiced in countries throughout the world. Why do you think this is the case? Do you expect entrepreneurship to continue to spread throughout the world‚ or do you think its appeal will subside over time? What key insights does the GEM study provide us about entrepreneurship? What evidence
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followed. Indeed‚ business plans produced to a set formula (such as those produced using business planning software) lack authenticity and credibility. Ideally‚ the business plan should be your plan‚ conveying the distinctive character both of the venture and its proponents. That is why you should retain overall responsibility for writing it‚ not somebody else. By all means seek help with the plan but do not commission someone else to write the whole thing for you. Use this note as your guide or aide
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