Nguyen Minh Anh has been working as a manager in an event management company for the...

 

Transcribed Image Text:

Nguyen Minh Anh has been working as a manager in an event management company for the last twenty years. This was her first job after she stopped schooling. She is very resourceful, hardworking and reliable when dealing with her clients. Many of her clients are very happy with her work; and have recommended others. However, Nguyen Minh Anh feels it is time to move on; and venture into something that she is very passionate about - gardening. She dreams to set up a nursery selling all types of potted plants, trees, medicinal herbs and so on. On the other hand, her husband thinks they should jointly start their own event management company. He has an investor who is willing to invest in this company due to her extensive experience in this industry. Based on the case study above, answer the following questions: (i) If Nguyen Minh Anh consults you with both options and seeks your advice, state and explain any SIX (6) factors she must consider before making a decision. (500 words) (ii) Assuming she and her husband decide to set up an event management company, what should they do next? Discuss. (500 words) (iii) Discuss any incentives or entrepreneurial development programs provided by the Vietnamese government for individuals that want to start their own businesses, and compare them with another country of your choice. If there are none, discuss the type of incentives that should be provided by the government to enhance entrepreneurship. (1000 words) (iv) State and explain any THREE (3) challenges Nguyen Minh Anh will face if she opts to set up a nursery selling plants. (300 words) Nguyen Minh Anh has been working as a manager in an event management company for the last twenty years. This was her first job after she stopped schooling. She is very resourceful, hardworking and reliable when dealing with her clients. Many of her clients are very happy with her work; and have recommended others. However, Nguyen Minh Anh feels it is time to move on; and venture into something that she is very passionate about - gardening. She dreams to set up a nursery selling all types of potted plants, trees, medicinal herbs and so on. On the other hand, her husband thinks they should jointly start their own event management company. He has an investor who is willing to invest in this company due to her extensive experience in this industry. Based on the case study above, answer the following questions: (i) If Nguyen Minh Anh consults you with both options and seeks your advice, state and explain any SIX (6) factors she must consider before making a decision. (500 words) (ii) Assuming she and her husband decide to set up an event management company, what should they do next? Discuss. (500 words) (iii) Discuss any incentives or entrepreneurial development programs provided by the Vietnamese government for individuals that want to start their own businesses, and compare them with another country of your choice. If there are none, discuss the type of incentives that should be provided by the government to enhance entrepreneurship. (1000 words) (iv) State and explain any THREE (3) challenges Nguyen Minh Anh will face if she opts to set up a nursery selling plants. (300 words)

Answer rating: 100% (QA)

i If Nguyen Minh Anh consults you with both options and seeks your advice you should first ask her about her longterm goals and priorities It is important to understand what is most important to her w... View the full answer