BOB Corner Pty $($Ltd$)$

Bob started his first business at the age of $10$ selling a collection of basketball cards. He couldn$$t manage to sell a single one. At age $17,$ he became a multi$-$level marketer. This experience propelled him to the lovely world of reading books, inspiring him to become an entrepreneur. He then left his job to focus on business. He started his real business career at $18,$ when, with a couple of friends, he distributed fresh milk across campus. But their supplier went bankrupt and had to fold their business. At $19,$ he opened up an ice cream franchise with a partner. They have managed to add another branch the following year. At $20,$ with a couple of friends, he set up a business distributing fresh milk and selling instant fruits and registered it as Bob corner Pty $($Ltd$)$

Question$1$

$1\mathrm{.}1$ Would you classify Bob as an entrepreneur or a small business manager? $(1)$

$1\mathrm{.}2$ Provide two $(2)$ reasons with a relevant quote from the case study. $(4)$

Question $2$

Describe at least five success factors that Bob has shown from the case study $(10)$

Question $3$

Identify and explain at least five institutions that support small businesses in South Africa and clearly explain how Bob can benefits from these institutions terms of their offerings

$(10)$

Question $4$

ETP$2601$

Assignment $2$

$3$

When starting a business, entrepreneurs often develop a vision, mission and goals for the business and this should be the case for Bob Corner Pty $($Ltd$).$ Bob then appoints you as a business manager for the company and the first task you have is to:

Develop a vision $(2)$ and mission statements $(3)$ for Bob Corner Pty $($Ltd$).$