Reference no: EM13722669

Question 1:

""Funding" Please respond to the following:

From the e-Activity, develop the "sales pitch" you would use to convince your family and friends to invest in your business and post it for the rest of the class to view.

Imagine that after you have given the sales pitch to your family members, one of your cousins says, "It's always a bad idea to invest in a family member's business because family will always take advantage of you". Critique your cousin's point of view in order to defend your intent to borrow money from your family.

Question 2:

Welcome and thank you for coming today. I have gathered you all here to present you with the chance to invest in a fabulous new product. Its that time of year again, Spring Time. Color is everywhere. Colorful clothing, colorful shoes and even colorful hair. The new trend is colorful makeup brushes. Most beauty product companies are selling bright colorful makeup brushes. Like colorful clothing these brush need to be cared for in order for them to keep that vibrant color.My new brand of makeup brush cleaner is perfect for cleaning you brushes throughly and will also keep the bright colors in tact.

I know that it is a risk to invest in a family members business but I will do right by you all. I understand that in most cases family members take advantage and feel that an investment does not have to be repaid but it does. Just because your family does not change the fact that you are still doing business. I would take any amount of investment that you give me and I would use that money to grow and develop my product. I would make sure to not only pay back all who invest in me but I would double their money.

Question 3

"The Social Entrepreneur" Please respond to the following:

Examine the negative aspects to forming a social venture as a nonprofit organization. Evaluate three of those aspects in terms of which would be the most difficult for an entrepreneur to overcome. Support your answer with one real-life example.

Compare and contrast social ventures and traditional ventures. Determine which type of venture is more relevant in today's business environment. Support your answer with a real-life example.

Question 4:

Three negative aspects to forming a social venture would be growth, stakeholders, and revenue. Revenue would be the most difficult because people may want to buy goods and services from social ventures but a lot of people do not trust new ventures because they do not know if they are on the up and up. For example, a company could say that they are going to donate all proceeds of an event to to a charity but they take that money spend it on new cars and big houses.

A business entrepreneur measures success by profit were as a social venture measures success by how much good that their business does for other people. I believe that they both are relent in todays business environment. Most business only care about making money.

Today you see more companies that want to do good for others. These companies or departments are normally focused on bettering communities and aiding in medical research. So, both types of ventures have a place in todays business environment but they need to work together in order to do any type of good.