Reference no: EM133264818
Assignment:
Post meaningful and well-thought-out responses indicating that you have researched and read the required material.
I. Michael Dell: Lessons For Entrepreneurial Success
1. Is it true that failure can be an entrepreneur's success strategy?
2. How could failure possibly be beneficial?
3. Why does he suggest business owners have a contingency plan?
4. What are some examples of health risks (risk-taking) for business?
II. Russell Simmons on Innovation and Business (3:28)-Russell Simmons, many consider one of the founders of the hip-hop movement, discusses innovation and business.
1. How can diversity benefit a company?
2. How important is innovation in a company?
III. Ubreakifix
Ubreakifix is a business that sells franchises to people whom the company feels would be great franchise owners. Visit their website to look at their website. Please answer the questions in complete sentences.
1. Most businesses when started to solve problems. What problem does this business solve?
2. From the video, why was 2013 a significant year for the franchise?
3. How much money is needed from a third-party source to be considered for a franchising opportunity with Ubreakifix? What are the startup costs for a Ubreakifix franchise store?
4. Do you see a profitable market placing a Ubreakifix here in Columbus, GA? Please explain your answer with more than yes or no.