Without risk, there is no reward. However, as an aspiring entrepreneur, it is important to gauge your business opportunities by evaluating the risks and responsibilities associated with setting up a business.
This assignment is divided into 3 parts. Complete all 3 on the same document and submit when finished.
Part 1:
Describe the following in 175 words:
- 2 of the main risks of entrepreneurship and small business ownership
- 2 of the main rewards of entrepreneurship and small business ownership
- How technology is changing work of the future
- The new career model—ME, LLC—for taking care of ourselves in the future
Part 2:
Explain in no more than 175 words what you think the future of small businesses will be in the coming years and 3 different ways you can gain knowledge of an industry in which you want to start a business.
Part 3:
The remaining questions ask you to briefly describe each of the 9 keys to successful entrepreneurship and small business development that were covered this week. Writing them out will help you retain them better.
Summarize in 175 to 350 words what it means to do the following:
- “Start with a Clear Purpose?�
- “Build on What You Already Know?�
- “Launch Opportunities, Not Ideas?�
- “Develop Your Supporting Cast?�
- “Maximize All Available Resources?�
- “Work with Zealous Tenacity?�
- “Build a Community of Raving Fans?�
- “Pivot to Multiple Revenue Streams?�
- “Serve Your Broader Community?�