My business idea is a coffee shop You don't have a budget for your project, but your business could include community partners that you could use to help fund the program (ie. charities, local businesses, etc). For your business, identify two potential supporters you could get to help fund your business and tell me why theywould want to provide funding.

Businesses increasingly play a key role in creating stronger communities. It’s something that people…

Answered: You don't have a budget for your…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter6: Managing Start-Ups And New Ventures

Section: Chapter Questions

Problem 7DQ

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Similar questions

If an individual needs funds to finance a small business and does not want to finance the business using loans, what other sources of funding might be available? Briefly describe each potential source of funding and indicate what kind of business enterprise would be the ideal candidate for each source of funding.
A small catering business in your city is for sale for $250,000. The company specializes in business luncheons and small social events. The owner has been running the business for four years from her home but is expecting her first child and wants to sell. You will need outside investors to help you purchase the business. Develop questions to ask the owner about the business and its prospects, as well as a list of documents you want to see. What other types of information would you need before making a decision to buy this company? Summarize your findings in a memo to a potential investor that explains the appeal of the business for you and how you plan to investigate the feasibility of the purchase.
How can a nonprofit organization overcome the disadvantages of the fundraising by using donors
For the CEO of a not-for-profit organization, which two fundraising methods would be most effective and why?
You are the current owner of an E-Commerce business called ‘Poison Berry’. You acquired this business from a previous owner. You purchased the business for $250,000, no money down and $5,000 a month over the next several years until the loan is paid off. The business sells home fragrances, candles, incense, and sprays for the home. You have been successful within your online community and are starting to receive emails from customers across the world inquiring about your products. They are curious as to products you may start to offer for offices. please be descriptive and detailed with the in the answers below and if possible use Management terms. 1.Please explain in full detail your business strategy for expansion. 2.What would you need to create, examine, and define before expanding including barriers, concepts, and a plan? 3. examine the process, and INNOVATION of your products and location.
Assuming that you are a local investor and would like to open a business in one of the tourist destinations. Do you hire local staff? What sort of training do you have for your staff?
Explain the different stages of your business development funding. How much money would you fund, and from where would you source it for each stage? What would be your area of expenditure for each stage?
In each of the different stages in the development of a new venture, what are the different funding requirements? Which funding option is right for you, at your current stage of the venture?
You have been employed at Small Enterprise Finance Agency (Sefa) as a mentor for up-and-coming entrepreneurs. The client comes to you requiring to be mentored in starting his business. However, he has no idea where to start. As a mentor of prospective entrepreneur provide and advice about all the aspects the client has to take into consideration when starting a business venture
Assume you are the chief executive officer (CEO) of a large technology-intensive hospital in a community of 200,000 people that includes two other smaller community hospitals and a wide range of physicians and other providers working in private practice. Currently, you are paid by Medicare—the federal insurance program for the elderly—for a fixed amount for every admission to your hospital and based on the severity of the patient’s needs. Physicians and other providers in your community are paid fee-for-service. The federal government has just made an offer to your community that it form an accountable care organization (ACO) that could accept a capitated annual payment for each person eligible for Medicare. Based off the scenario above, what if that your closes hospital competitor has accepted the government's offer, but you have chosen not to accept it. Do you think there would be any ramifications for your hospital system? Think about the technological, social, economic, regulatory,…
If you were the CEO of a not-for-profit organization, which two fundraising methods would you choose, and why?
As an assistant in the Community Involvement Program of your corporation, you have been given an unusual task. Your boss wants to expand the company’s philanthropic and community relations mission and especially employee volunteerism. She heard about The Seeing Eye, a program in which volunteers raise puppies for 14 to 18 months for guide dog training. She thinks this would be an excellent outreach program for the company’s employees. They could give back to the community in their role as puppy raisers. To pursue the idea, she asks you to request information about the program and ask questions about whether a company could sponsor a program encouraging employees to act as volunteers. She hasn’t thought it through very carefully and relies on you to raise logical questions, especially about costs for volunteers. Writing Task. Write a direct request letter to Susanna Odell, The Seeing Eye, 9002 East Chaparral Road, Scottsdale, AZ 85250. Include an end date and a reason.

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