What type of business to start and why?
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Auva and Chad knew that they wanted more out of life. Auva works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Chad worked as an insurance agent for the first 10 years of their marriage and stays at home even though their kids are old enough to take car of themselves. Their home is paid for and their oldest daughter has received a scholarship to attend their local state university. Their son, Chester, is a senior in high school. Neither Auva nor Chad has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Auva will not be quitting her job for a while. This will leave Chad with the responsibility of running the business. What type of business to start and why?
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- Daniel is a father of four and works as a pilot with an airline industry. He was told that he is going to lose his job due to the COVID-19 pandemic. He is so worried and does not know whether to apply for a job somewhere else. He was trained as a pilot and has no proper academic qualification in other fields. His wife is not working and Daniel needs income to pay his monthly commitment and raise his family. He is now struggling to find another job and does not know what to do. Propose solution to the above mentioned problem and write a report based on the following. Identify the issue (s)/problem(s) of the case. Apply the FOUR stages in problem solving discussed in Topic 4 for the above case. Propose your solution based on the model and theory you have learned.Raised in Ireland, Patrick and John Collison were precocious, inquisitive youngsters who taught themselves computer coding at an early age. By the time they were teenagers, the brothers were developing iPhone apps and eventually became college dropouts after a few semesters at MIT (Patrick) and Harvard (John). During this time they started a company called Auctomatic Inc., which created an online marketplace management system for companies such as eBay, and then sold the company for $5 million in 2008. After selling the business, they continued to work on simplifying the payment process for startup businesses that use the internet to sell goods and services. As the internet entered its second decade and more and more entrepreneurs were using the web to do business, the Collisons recognized that the payment transaction process for online purchases needed an overhaul. In 2011, they opened their new company, Stripe, after testing their service and building relationships with banks,…Bonnie Brewer and Stacy Kim were college roommates. While at school, they shared dreams of opening their own business. To prepare themselves, they took business and marketing courses, along with courses in management. When they graduated, they each found jobs in Seattle, near where they’d gone to school. Several years later, after working at other companies to gain experience, the two women decided to take the plunge together and made a plan to open a small café where they and their customers could indulge their love of good coffee and fine chocolate. They looked at two locations for their café: one near Pike Place Market, which gets a lot of foot traffic from shoppers and businesspeople, and one near the university, where shops and restaurants are patronized by students, faculty, staff, and local residents. They chose the university location because they thought they knew and understood those customers well. The doors to Custom Coffee & Chocolate opened several months later, with…
- Sienna wants to create a business for homeless people. She wants to provide them with a place to stay, food, clothes, etc. How could she make this business succeed?You are the business development officer of Coffee Grandeur, a company that produces instant coffee sold and distributed in the Philippines. You have been tasked by the president of the company to initiate setting up a nonprofit organization (NPO) for the company. The advocacy of your NPO that you have think of is to give support to the small coffee shop entrepreneurs to be able to raise funds because many coffee owners find it difficult to establish or expand their coffee business and there are not many organizations that help coffee entrepreneurs. So, it is to raise a fund to be able to give small loans to small coffee shop owners. And also to help coffee farmers to create a program that aims to train and educate them about entrepreneurship training. So by giving the small farmers the knowledge they need, they will be able to demand higher prices for their coffee beans. They can even start their own coffee business and become entrepreneurs. The mission of the NPO must be related to…Hani has a small house painting business with two employees. Hani's father gave his son start-up money and occasionally contributes to the business financially when Hani is having a cash flow problem but has nothing to do with the running of the business. Hani always pays his father back out of business profits. What kind of business does Hani have? a. A sole proprietorship b. A corporation c. A partnership O d. A cooperative
- Assume Suresh owns a small hotel catering to foreign travelers. It had been a profitable business prior to the COVID-19 pandemic. However, the COVID-19 epidemic and the subsequent lockdowns forced him to close the business, as the pandemic dealt a significant hit to the tourism industry. Suresh, on the other hand, intends to launch his business once the situation stabilizes. As a result, he wishes to seek your assistance in analyzing the marketing climate prior to restarting the firm. As such, you are expected to analyze the present marketing climate and explain the causes and forces to which he should pay special attention during this period of uncertainty. (1000 Words)You’re getting ready to expand yourwoodworking hobby into a full-time business ofbuilding custom kitchen cabinets. To create top-qualitycabinets, you know you’ll need to upgrade from theconsumer-grade machinery you have now toindustrial-grade equipment. The new equipment willbe much more expensive but, if properly cared for,should last for decades, and you hope to be inbusiness for at least 20 years. If the overall costs ofleasing this equipment or borrowing money to buy itare roughly the same, which financing method wouldyou choose? Why?1. State hypotheses of entrepreneurship and development of start-ups. 2. State hypotheses of risk tolerance and development of start-ups. 3. State hypotheses of innovation and development of start-ups.
- As a local wildlife manager, you have been assigned the challenging task ofdesigning a wetland preserve in a fragmented, suburban landscape (see mapbelow). The district office has allocated 10% of its budget towards this effort,which would cover the protection of a total of five out of the 10 wetlands that arein your district. The measure gained support because of an assurance that thepublic would be granted limited access to some of these areas. Several wetlandsare cut-off from each other due to housing and road development. However,money could be spent to construct one culvert (tunnel/underpass) to serve as aconnecting habitat corridor, but at the cost of protecting one wetland (i.e. youcan only protect 4/10 wetlands, not 5/10). Protected wetlands will receive a 50 mbuffer zone extending from the shoreline, within which no building permits will begranted. Water and soil quality tests will periodically be performed checking fornutrient runoff.Given these funding and design…Please refer to the image attached below to answer the following question: B) Could you please calculate the inheritance tax liability if Liz dies and she has a will where she transfers everything to her husband?You are the business development officer of Coffee Grandeur, a company that produces instant coffee sold and distributed in the Philippines. You have been tasked by the president of the company to initiate setting up a nonprofit organization (NPO) for the company.The advocacy of your NPO that you have to think of is to give support to the small coffee shop entrepreneurs to be able to raise funds because many coffee owners find it difficult to establish or expand their coffee business and there are not many organizations that help coffee entrepreneurs. So, it is to raise a fund to be able to give small loans to small coffee shop owners. And also to help coffee farmers to create a program that aims to train and educate them about entrepreneurship training. So by giving the small farmers the knowledge they need, they will be able to demand higher prices for their coffee beans. They can even start their own coffee business and become entrepreneurs.Provide a programs and activities that…
