Question

In: Economics

1) Suppose that you have recently started a new venture with two friends. As you contemplate...

1) Suppose that you have recently started a new venture with two friends. As you contemplate adding employees to your social venture, one of your friends tells you that you need to develop a skills profile to set your hiring priorities. Taking your friend’s advice, develop a skills profile, and explain how it would help you identify the positions you need to fill.

Solutions

Expert Solution

I have started a new venture with two friends . As I contemplate adding employees to our social venture , on of my friends tells to develop a skills profile about hiring priorities and about the things that we have to do for the development of our venture .

Firstly he told about the skills that helps to develope the venture . He told that always asks yourself that what skills am I using and what am I losing ? It is a good idea to check what skills I have that I am not applying . Is it necessary to me that I apply these skills and keep them current ? If so , I have to look into get on the projects where I will apply them and make sure that I stay current . He told that we have to go out and seek the experiences that will help us to grow the skills we need , that skills we are missing .

In case of adding employees to our social venture , he told that first all I have to know what are the skills , we required inside of an employees , fit for our venture . The skills that we want in our employees are , communication , active listening , Leadership , customer service , computer skills , management skills , problem - solving , time management , transferable skills and most important one is the skill to work in a team or teamwork . Because teamwork is a best key to unlock the success .

My friend's advice about skiils , helped me a lot and also help for the positions I need to fill . After his advice , I always asked myself that , What is the skill , am i missing ? and the calibres which need to be within our workers . These things help me and give a way to success .


Related Solutions

It is January 1 2020 and you have recently started a new company, Green- Drone, that...
It is January 1 2020 and you have recently started a new company, Green- Drone, that produces flying drones for garden maintenance. You are stillat the product development stage but would like to evaluate the financial feasibility of the project. Here are some information about the company: - R&D expenditures. In order to develop the drones, you need to hire an engineer for 5 years at an annual salary of $96,000. The salary is paid monthly at the end of...
Ms. Mills recently started a new business venture and must decide whether to operate as an...
Ms. Mills recently started a new business venture and must decide whether to operate as an LLC or incorporate (as a C corporation). She projects that the business will generate $100,000 of cash flow and pretax ordinary business income per year. Ms. Mills’ ordinary income tax rate is 25% and her dividend tax rate is 15%. The corporate tax rate is 21%. Ignore self-employment/payroll tax and the QBI deduction. a. Compare the combined (business entity + individual) after-tax cash flow...
You have recently graduated from school and have started your new job at a Consulting LLC....
You have recently graduated from school and have started your new job at a Consulting LLC. You have been given the following assignment. You are to present an investment analysis of a new residential income producing property an investor is considering purchasing. The asking price for the property is $1,200,000; rents are estimated at $201,000 during the first year and are expected to grow at 3.5% per year thereafter. Vacancies and collection losses are expected to be 11 percent of...
1. Suppose that you are thinking about whether to invest in a new business venture. You...
1. Suppose that you are thinking about whether to invest in a new business venture. You believe that there are three possible outcomes if you decide to invest: • Make a profit of $100,000 • Make a profit of $20,000 • Lose $50,000 Suppose that you consider the probability of making a profit of $100,000 to be .15, and you consider it three times more likely that you make a profit of $20,000. a) Determine the expected value of your...
You have just started a new job that offers a retirement savings account. You have two...
You have just started a new job that offers a retirement savings account. You have two options: You can invest 5% of your monthly wages at 2% OR You can invest 4% of your monthly wages at 4%. Both are compounded monthly. b. Assume that you will always make $45,000 annually, how much will you have saved with the better plan after 15 years? c.Assume that you will always make $45,000 annually, how much will you have saved with the...
You have started a company and are in luck long dash —a venture capitalist has offered...
You have started a company and are in luck long dash —a venture capitalist has offered to invest. You own 100% of the company with 4.66 million shares. The VC offers $1.03 million for 790, 000 new shares. a. What is the implied price per share? b. What is the post-money valuation? c. What fraction of the firm will you own after the investment? a. What is the implied price per share? The implied price per share will be $_________...
Suppose you are starting your new venture than how marketing mix have impact on your business.
Suppose you are starting your new venture than how marketing mix have impact on your business.
1. You just started at a new position at a large investment bank. You have been...
1. You just started at a new position at a large investment bank. You have been assigned to help a senior analyst, Ms. Jones, on a Dutch Auction of shares for Thornton & Danaher Inc. The equity of the firm is currently closely held by the founding families and the senior managers, so there is no available ma rket price. They are hoping to raise about $300,000,000. This represents about 20% of the fi rm’s current equity value. Ms. Jones...
You have recently started working as a product analyst at a company that manufactures and sells...
You have recently started working as a product analyst at a company that manufactures and sells a variety of soft drink products. One of your first jobs is to categorize each of the firm's new products for the upcoming year into the appropriate new product category for a presentation you are putting together for your manager. A new product is one that is new to a company in any way. If a product is functionally different from existing products in...
Suppose you have the opportunity to make an investment in a real estate venture that expects...
Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $750 at the end of each month for the next 8 years. Based on the risk, you believe that a reasonable rate of return on your investment should be an annualized rate of 15% compounded monthly. (A) How much should you pay for the investment? Suppose you have the opportunity to make an investment in a real estate venture that expects...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT