Assume you have a friend who is thinking about starting a business to sell jewelry that she has been making only for friends for several years. She is coming to talk to you because she knows that you are pursuing a degree in entrepreneurship. Your friend says, “I am worried that I may lack the skills to effectively operate a business if I decide to establish one.” Given your knowledge of “execution intelligence” as discussed in this chapter, what advice would you give to your friend about how to successfully operate a firm on an ongoing basis?
Answer to relevant QuestionsA friend of yours with whom you went to high school and now university as well is talking to you about his interest in becoming an entrepreneur. In a way, this does not surprise you in that Jackson, your friend, has always ...What are the most significant challenges GoPro faces in the future? Do you think GoPro will be able to meet the challenges or do you think the company’s future is in doubt? Explain your answer. To what degree is there a difference between pursuing an opportunity to solve a problem and building a business? In what ways did Everpix fail to do both? What is the difference between a weak-tie and a strong-tie relationship? Which type of tie is most likely to help an entrepreneur find an idea and why? Identify three start-ups, other than those discussed in the chapter and listed in Table 2.2, which were started to solve a problem. Briefly describe the problems the three start-ups are solving and how they are going about ...
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