Question

In: Finance

Did you ever think you might like to go into business for yourself? What kind of...

Did you ever think you might like to go into business for yourself? What kind of business would you like to start? What resources (both personal skills and capital) would you need to make your business a success? Sometimes it helps to have a partner to share the burdens of starting a business. What skills would you need to look for in your partner?

Did you ever think you might like to go into business for yourself? What kind of business would you like to start? What resources (both personal skills and capital) would you need to make your business a success? Sometimes it helps to have a partner to share the burdens of starting a business. What skills would you need to look for in your partner?

Use the space below to list the personal skills and capital needed for your proposed business. Put your initials next to the skills and capital you would bring to the business. Think of a friend who might be interested in joining you as a partner. Put your friend’s initials next to the skills and capital he or she can offer. What capital or skills are missing?

Type of Business

Proposed Partner

Personal Skills Needed

Capital Needed

What skills are missing

What capital is missing

What can you do to get what is needed

Once determined what is missing or needed what will you and your partner do to get up to speed to run you proposed business

Expert Solution

Type of Business:

Tutoring business providing learning solutions to students

Proposed Partner:

A college batch mate who is good in sales.

Personal Skills Needed:

Domain knowledge to prepare learning resources, Solution structuring and Sales.

Skills offered:

Me: Solution structuring

Partner (AB): Sales

Capital Needed:

US$ 16000

Capital contributions:

Me: US$ 5000

AB: US$ 5000

What skills are missing

Skills which are missing are accounting, financial analysis and capital raising skills for the business.

What capital is missing

Capital amount of US$ 6000 is missing.

What can you do to get what is needed

We can approach the bank to raise the balance US$ 6000 of fund based on the strength of the business plan and financial projections. We can take the help of private equity investors or angel investors to pitch our idea and raise funds from them or take their help to develop a business plan to raise funds from the bank.

We will develop a detailed business plan for the business with the financial projections and statements. After that we will achieve financial closure by raising the required capital and then develop and implement a marketing plan to gain traction for the business and start acquiring customers.

jeff jeffy answered 2 years ago

Think of a project that you recently began or considered beginning. What did you tell yourself...

Think of a project that you recently began or considered beginning. What did you tell yourself when you began the project or failed to begin the project? Think of a time you were feeling lonely. What were you telling yourself at that time? Think of a day when you were feeling stressed or overwhelmed at work or school. What were you telling yourself at that chaotic time? Think of a criticism you recently received from a fellow student, coworker, boss...

Who is the best leader you’ve ever worked for or observed? What kind of leadership did...

Who is the best leader you’ve ever worked for or observed? What kind of leadership did that person employ? What made that person effective?

what kind of leadership do you now think might be a best fit for the microsystem...

what kind of leadership do you now think might be a best fit for the microsystem level, and why?

What are the main ways of organizing a business? What kind of business organization might be...

What are the main ways of organizing a business? What kind of business organization might be suitable for a plumber? Explain. Why might someone choose to organize as an LLC instead of a sole proprietorship? In legal terms, what is the relation between a corporation and those individuals who found the corporation? In what ways does the structure of a corporation protect its owners from absorbing ethical responsibility for the company’s actions? How can corporations raise money?

1. What kind of business/ manufacturing will you like to operate and what is your target...

1. What kind of business/ manufacturing will you like to operate and what is your target Output per week? Identify your Input variables such as Land, Labor, Capital, Entrepreneur required to reach that output. Explain your combination of variables including estimate cost of each. And also total earnung per week

ZARA Unique personal experience at Zara. Have you ever shopped at Zara? What did you like...

ZARA Unique personal experience at Zara. Have you ever shopped at Zara? What did you like about the store? What didn’t you like? How does Zara differ from its competition? If you’ve visited Zara locations in different countries, what differences did you notice in terms of offerings, price, or other factors? 2. The Gap’s business model. a. Where do the Gap clothes come from? Who makes them? Is this approach ethical? b. Why was Gap initially first in sales in...

Business Planning ( I would like to open restaurants) 1. What kind of business would you...

Business Planning ( I would like to open restaurants) 1. What kind of business would you start? Explain in one or two sentences. 2. How would your business make money? 3. What business expenses would you have?

Ice2 1) Think about a business and reasons why people might not go in terms of...

Ice2 1) Think about a business and reasons why people might not go in terms of perceived risks? 2) If you were a consultant for a garage what advice would you give a garage owner, in regards to potential risks under the functional, financial, temporal, physical, psychological, social, and sensory? 3) What you should do to reduce those risks?

1) "How do you think of yourself? Do you feel like you are more male or...

1) "How do you think of yourself? Do you feel like you are more male or female?" This question is asking about a person's a) gender Identity b) gender role c) sexual orientation d) biological sex 2) A baby was recently born who had very ambiguous genitals. The doctor did a genetic test to find out the sex chromosomes of the baby. It turned out that the child had XX sex chromosomes but must have been exposed to unusually high...

Have you ever experienced Flow in healthcare? Where/when did you experience it and what did it...

Have you ever experienced Flow in healthcare? Where/when did you experience it and what did it feel like?