Podcast
Questions and Answers
What is the primary focus of upside gain and downside loss expectations when creating a new venture?
What is the primary focus of upside gain and downside loss expectations when creating a new venture?
- Evaluating the competition in the industry
- Analyzing the profits and losses the business can make (correct)
- Determining the market share of the business
- Developing a marketing strategy for the business
What is the main purpose of a risk vs. reward analysis?
What is the main purpose of a risk vs. reward analysis?
- To identify the market trends and opportunities
- To determine the break-even point of a business
- To evaluate the potential returns on investment (correct)
- To develop a financial plan for the business
What is the purpose of Column 2 in the Checklist for Estimating Start-Up Expenses?
What is the purpose of Column 2 in the Checklist for Estimating Start-Up Expenses?
- To estimate the total revenue of the business
- To estimate the cash needed to start the business (correct)
- To determine the profit margin of the business
- To calculate the total expenses of the business
What is the basis for estimating the cash needed to start a business, according to the Checklist for Estimating Start-Up Expenses?
What is the basis for estimating the cash needed to start a business, according to the Checklist for Estimating Start-Up Expenses?
What is the primary purpose of estimating start-up expenses?
What is the primary purpose of estimating start-up expenses?
What is the relationship between risk and reward in a business venture?
What is the relationship between risk and reward in a business venture?
What is the main characteristic of a franchising arrangement?
What is the main characteristic of a franchising arrangement?
What is the primary role of a franchisor?
What is the primary role of a franchisor?
What is a franchisee?
What is a franchisee?
What is not a typical responsibility of a franchisor?
What is not a typical responsibility of a franchisor?
What is a benefit of franchising for the franchisee?
What is a benefit of franchising for the franchisee?
What is not typically provided by the franchisor to the franchisee?
What is not typically provided by the franchisor to the franchisee?
What is one of the components of new-venture motivation?
What is one of the components of new-venture motivation?
What is a characteristic of successful start-ups?
What is a characteristic of successful start-ups?
What is the first phase of new-venture start-ups?
What is the first phase of new-venture start-ups?
What is NOT a component of new-venture motivation?
What is NOT a component of new-venture motivation?
What is a reason for starting a venture?
What is a reason for starting a venture?
What is NOT a characteristic of successful start-ups?
What is NOT a characteristic of successful start-ups?
Which of the following emerging business opportunities is related to the food industry?
Which of the following emerging business opportunities is related to the food industry?
According to the table, what is a type of Emerging Internet Opportunity?
According to the table, what is a type of Emerging Internet Opportunity?
In the Emerging Opportunities table, which category includes 'Solar' and 'Fuel cells'?
In the Emerging Opportunities table, which category includes 'Solar' and 'Fuel cells'?
What is a major benefit of acquiring an ongoing venture?
What is a major benefit of acquiring an ongoing venture?
Which emerging business opportunity is related to the entertainment industry?
Which emerging business opportunity is related to the entertainment industry?
What is a type of Niche Consumable mentioned in the table?
What is a type of Niche Consumable mentioned in the table?
What is a factor that may influence the sale of a venture?
What is a factor that may influence the sale of a venture?
What is an advantage of buying an existing business?
What is an advantage of buying an existing business?
In the Emerging Opportunities table, which category includes 'Pet owners' and 'Dating groups'?
In the Emerging Opportunities table, which category includes 'Pet owners' and 'Dating groups'?
What is a key advantage of acquiring an ongoing venture over starting a new one?
What is a key advantage of acquiring an ongoing venture over starting a new one?
What is a factor that may affect the sale price of a venture?
What is a factor that may affect the sale price of a venture?
What is an important consideration when evaluating a venture for acquisition?
What is an important consideration when evaluating a venture for acquisition?
