What do the letters P.O.C.D. stand for?
Why do VC Funds prefer to stage their investment in a start up?
What advantage do entrepreneurs see in receiving their financing in stages?
Suppose you are starting an apparel company where you will design and manufacture a unique line of clothing. What kinds of operations can you outsource?
Why should start ups address a single segment of the market?
What is the purpose of the business model, what are its components and
list 3 models with a brief description of each?
Why is the cash flow statement the most important statement for entrepreneurs?
. Paul McKinney is the owner and operator of a small restaurant located in the downtown area of Oklahoma City, Oklahoma. McKinney is a college graduate with a major in accounting. His ability to analyze and control costs has been a major factor in keeping his five-year-old venture out of the red. The restaurant is located in an old but newly remodeled downtown building. His business is based on high volume and low overhead. However, space limitations permit seating of only 25 to 30 people at one time. McKinney feels that customers stay too long after they’ve finished their meals, thereby tying up seating. He has considered using a small flashing light at each table to remind customers that it is time to move on. He realizes that this method may be too obvious and may create customer dissatisfaction.
➢ What is your opinion of McKinney’s proposed flashing light system?
What other simple suggestions can you make to help increase turnover?
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Nina’s Mexican-Style Restaurant Nina’s is a casual style, full service restaurant. The average meal ticket is $14.63 per person. The waiters serve some of the finest Mexican-style food in the United States. They are primarily located in the South. The hours of service are 11:00am to 11:00pm Sunday through Friday and 11:00am to 1:00am Saturday. Nina’s, surprisingly, currently prefers to take over well-located existing restaurant facilities and convert them into Nina’s restaurants. This has resulted in lower start-up costs and...
Please, can you help me answer these questions 1. Why should an entrepreneur develop a business plan? 2. Why do entrepreneurs who are not seeking external financing need to prepare business plans? 3. Describe the major components of a business plan. 4. How can an entrepreneur seeking funds to launch a business convince potential lenders and investors that a market for the product or service really does exist? 5. What are the 5 Cs of credit? 6. How do lenders...
Terri Towles bath shop located in old downtown Abbotsford sells locally milled kitchen, bath and summer towels spun from BC hemp fibre. At the start of every year Terri tries to develop some business plans for her employees to follow. However, this has not been going well so she has come to you for advice. Identity and briefly explain the three major forms of planning done by a company (3 marks). Identify which form(s) of planning are most critical to...
small restaurant with room for 20 tables (seating 60 people). It is in the center of the shopping area and a block from the commuter train station. You are a favorite stop for people in the morning. They buy one of your great coffee choices and about 33% also buy something to eat. The commuter sales are about 15% of your sales, and morning customers another 20%. What do you do if Starbucks is building its first store in the...
Discussion Questions Think about some of your friends and what you have discovered by visiting their homes. Do they buy different things than you do? If so, why? How might a company distinguish you from them in terms of its targeting? Is it always harder to find new customers than it is to retain old ones or does it depend on the business you're in? Does one-to-one marketing have to be expensive? How can small organizations interact with their customers...
One of the biggest problems faced by many entrepreneurs, according to your textbook, is the tendency to “chase too many rabbits.” In your own words, please explain what this means. (Hint: this phrase does NOT mean taking on too many tasks at once.) Give an example of a company – big or small – that chases too many right now in your opinion. Why do you feel this way? How will you avoid chasing too many rabbits in your business?...
What issues will you have with NETWORKS between wherever your small start-up company is located and wherever your BIG DATA storage is located? In your case, are these things in the same place or are they separated? Is HIGH-SPEED communications a requirement for your DATA ANALYTICS firm? If so why? If not why not? [Answers will vary according to the different company designs so you're going to need to start your answers by saying something like "My customers will get...
In regards to my take on CEO compensation, I believe if you are the founder of a company and you took on the risk with your capital and hard work, you deserve to be richly rewarded. These people include Bill Gates, Steve jobs, Warren Buffet, the Google boys, and other entrepreneurs. Remember, they invented their product and worked to create a market. On the other hand, I have a problem with CEOs that take over for established companies and are...
Jeremy Stewart is a 44-year-old, white married father of three who sees you for a psychiatric evaluation. Jeremy is a professor at a local college, where he teaches art. He also has a small art studio close to campus where he paints. As his psychiatric nurse practitioner, you diagnose Jeremy with bipolar I disorder. Questions When treating a patient for bipolar disorder, you have several medications from which to choose. You decide to start him on lithium. Provide evidence showing...
1. Robertson is a 35‑year‑old male with a family history of kidney stones. Because Robertson reports that he has been experiencing pain in his back and intense pain spasms in his groin, the physician wants to test him for stones. The physician informs Robertson that he needs to collect his urine over a 24‑hour period. This instruction puzzles and annoys Robertson, and he wants to know why it is necessary. As a medical assistant, how do you explain the 24‑hour...