Investment is least likely type available to entrepreneurs

Assignment Help Operation Management

Reference no: EM132216049

1. Scarlett is graduating from culinary school soon and she often imagines opening her own comfort food restaurant. Her other passion is skiing in Colorado, where she travels to four or five times every year. As her small business advisor, you believe it necessary to provide her with information that will help her make good business decisions. Which of the following would be helpful for Scarlett to know?

Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.

Restaurants are not the easiest type of business to start, but once you get it going, you will have plenty of time for skiing.

Most restaurant owners get rich if they open their own, independent restaurant as opposed to starting a franchised operation.

Franchised operations will take less time on the part of the owner than a regular independently owned operation. If she opens a franchise, she will have more time for creativity in the business, and more time for skiing too.

2. Which of the following sources of investment is the LEAST likely type available to entrepreneurs?

Angel investors

Small Business Administration loans

Venture capitalists

Family and friends

3. Alex works for Wheelie's, a large corporation that designs and manufactures accessories for scooters, bicycles, and other children's motorized toys. She is a creative force within the company and has helped create and launch several new successful products. Alex is an example of an intrapreneur.

True or False

4. The Spotlight on Small Business box "Student Startups" features students who

directed inheritance money they received into profitable business ventures.

turned a passion into a business opportunity.

realized the American dream at a very young age, and now run multimillion-dollar companies.

convinced banks to fund their business ideas.

Reference no: EM132216049

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