Question: Suppose that you have developed an idea for a new
Suppose that you have developed an idea for a new business service. You have limited capital and you do not want to drop out of college. How might you successfully startup a new business to use your idea?
Answer to relevant QuestionsOne evening when you went to pick up your child at the KinderKare, the owner mentioned to you that she would like to sell the business. You have always wanted to run a day care, and would like to try to buy her business. ...Denise received a modest inheritance from a great aunt and wants to use it to buy a small business. Her problem is that she just doesn’t have the first idea how to go about finding a business to buy. Advise her. What were the strengths Mindnautilus possessed? What were the weaknesses it faced? In the life cycle of a young firm, how can you tell when it has left the introductory stage and entered the growth stage? For a business plan being put together by a student in his late teens or early 20s, what are the most likely risks?
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