You have met a great friend at ERAU – Sally Soar. Sally is a pilot. She has approached you with a new business idea. With your expertise in business law and her skills as a pilot she knows the business is destined to be successful. Sally believes that you should open an air taxi service. This service will provide short flights throughout the state and maybe short distances into neighboring states. Many people are nervous flying busy commercial flights and are looking for alternatives. You and Sally are convinced this is the perfect time to open your new business. 1. Assess your and Sally’s strengths and weaknesses as an entrepreneur. 2. What are your business and personal goals?
You have met a great friend at ERAU – Sally Soar. Sally is a pilot. She has approached you with a new business idea. With your expertise in business law and her skills as a pilot she knows the business is destined to be successful. Sally believes that you should open an air taxi service. This service will provide short flights throughout the state and maybe short distances into neighboring states. Many people are nervous flying busy commercial flights and are looking for alternatives. You and Sally are convinced this is the perfect time to open your new business. 1. Assess your and Sally’s strengths and weaknesses as an entrepreneur. 2. What are your business and personal goals?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
You have met a great friend at ERAU – Sally Soar. Sally is a pilot. She has approached you with a new business idea. With your expertise in business law and her skills as a pilot she knows the business is destined to be successful. Sally believes that you should open an air taxi service. This service will provide short flights throughout the state and maybe short distances into neighboring states. Many people are nervous flying busy commercial flights and are looking for alternatives. You and Sally are convinced this is the perfect time to open your new business.
1. Assess your and Sally’s strengths and weaknesses as an entrepreneur.
2. What are your business and personal goals?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON