Almost every person I have ever met at some point has thought about having their own business, also others have dreams about being a boss. However as we have seen, there is a lot behind owning a business, managing it, growing it. Please think about a time that you or someone that you know has thought about having a business. It does not matter if its a recent thing or a long time ago. The important thing is that you need to identify the following: Do a SWOT analysis for the person's idea (or your idea) Define the Business Model and target marketDo an analysis of the person (entrepreneur's) personality in relation to commitment, and all the qualities that may be key to take one's ideas to reality. With this information, do a recommendation for this idea from the view point of a "Small Business Consultant" stating first steps to follow and value proposition of your services to coach someone through grounding their ideas.

Entrepreneurship is the process of identifying, exploring, and pursuing opportunities to start and…

Answered: Almost every person I have ever met at…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Almost every person I have ever met at some point has thought about having their own business, also others have dreams about being a boss. However as we have seen, there is a lot behind owning a business, managing it, growing it. Please think about a time that you or someone that you know has thought about having a business. It does not matter if its a recent thing or a long time ago. The important thing is that you need to identify the following:

Do a SWOT analysis for the person's idea (or your idea)
Define the Business Model and target market
Do an analysis of the person (entrepreneur's) personality in relation to commitment, and all the qualities that may be key to take one's ideas to reality.
With this information, do a recommendation for this idea from the view point of a "Small Business Consultant" stating first steps to follow and value proposition of your services to coach someone through grounding their ideas.

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