Entreprenuership

http://www.forbes.com/fdc/welcome_mjx.shtml

Topic 1: Entreprenuership

Take a look at the Forbes list of The World's 12 Most Powerful Entreprenuers of 2013 (link below).

12 Most Powerful Entrepreneurs of 2013

Choose an entrepreneur. The entrepreneur does not have be from the Forbes list. You may choose an entrepreneur that you know from a small business. Who did you pick and why? Share a description of the entrepreneur's business venture. What traits do you recognize in this person that makes him/her successful?  What setbacks and challenges has the entrepreneur faced?  How were they overcome?  What has the person contributed to his or her industry?  To the overall economy?

Topic 2: Business Building

Scenario: You are the lead entrepreneur in building a business. You have little money to start off with. Think about what kind of business you would like to launch and answer the following questions. Please include as much detail as possible.

1. What is your core product or service?

2. What differentiates your products or services from others in the market?

3. Where will your business be located?

4. How many employees will you need?

5. What type of suppliers do you need? 

6. How much money will you need to get started? Will you need to get a loan?

7. How long will it take before your products or services are available?

8. Who will be your competition?

9. How will your price your competition or services compared to your competition?

10. When do you expect to start making profit?

11. What are legal implications in your business? 

12. What kind of insurance do you need?

13. How will you advertise?

14. How will you manage the business?

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