Give a short explanation for each items Why NOT to be an Entrepreneur Uncertainty of income Risk of losing entire invested capital Lower quality of life until business gets established High levels of stress Complete responsibility

Give a short explanation for each items Why NOT to be an Entrepreneur Uncertainty of income Risk of losing entire invested capital Lower quality of life until business gets established High levels of stress Complete responsibility

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: ould try to limit their growth to a manageable size to avoid going public, even if it means forgoing…

A: Features of profit: 1. Profit is received by the entrepreneur as a residual surplus, which remains…

Q: Your objective is to start your own company, name it and state your core competency which gives you…

A: In order to start own company we need to analysis the market first- Need of the customer in the…

Q: In relation to the increase in the demand of face masks due to COVID-19, create a brief company…

A: COVID-19 has caused a dramatic shortage in the supply of face masks, which is mainly explained by a…

Q: FIVE (5) challenges faced by entrepreneurs when they are dealing with the risks.

A: The main aim of developing a business model is to identify a scalable way to acquire customers and…

Q: As an entrepreneur, you’ll face lots of tough and sometimes ethical decisions. In the situation…

A: I would not intoduce my friends as “customers” and “employees” to prospective customer as it is…

Q: An entrepreneur is a person who creates an ongoing business enterprise from nothing." Explain.…

A: Introduction An entrepreneur are the person who are invest their innovative ideas to create a new…

Q: Would it be ethical for you to write in your personal blog about the positive outlook on a stock…

A: Ethical considerations while reviewing something owned by one are integral.

Q: IN NOT LESS THAN 100 WORDS EXPLAIN THE STATEMENT BELOW: Understanding the characteristics and buying…

A: Consumer behavior is the study of customers and the processes they use to select, use (consume), and…

Q: Ideas related to contemporary business that you can integrate to nursing entrepreneur.

A: Nurse entrepreneurs combine healthcare expertise with commercial acumen to create successful…

Q: “Entrepreneurs have built successful companies by being able to exploit unmet needs in the market.”…

A: Entrepreneurs are the persons who start the business and run the business to earn profits. The…

Q: If you decide to become an entrepreneur, which one of the following will not be related to you as an…

A: Entrepreneurship refers to the ability and readiness of an individual by running a business…

Q: Consider a business idea that you know about that has failed. Take some time to research information…

A: There are many businesses, which have failed to address the needs of the customers. One of them is…

Q: Create an introduction to your business plan. It must contain a business model and business concept.…

A: Business is an economic activity That deals with the trade and exchange between the buyer and…

Q:  Imagine you are an entrepreneur launching a business planning to operate both domestically and…

A: In any business organization, the mission and vision of the managers play a salient role in the…

Q: For a startup it is better to have generalists or specialists.justify answer

A: Startups are the new firms emerging in the market with innovative ideas and activities. Depending…

Q: Directions: "Self-actualization" is in the top of Moslow's hierarchy of needs. Make an essay about…

A: Entrepreneurs are the persons who starts the business to earn profits. The business can be different…

Q: Describe a successful businessman you know.also explain why you consider him/her as a successful…

A: A successful entrepreneur for an individual is Dhirubhai Ambani.He is the founder chairman of the…

Q: It is not advisable for new entrepreneurs to rely on information from new relationships and…

A: An entrepreneur is a person who is new to enter into the business and bears a lot of risk in…

Q: What are Misconceptions about Entrepreneur Drew Houston, Founder of Dropbox?

A: One false impression is that marketers love risk. Actually, all of us need matters to head as we…

Q: 1-An introduction to the successful entrepreneur 2-How to be a successful businessman

A: An Entrepreneur is a person who has the courage to offer and share an idea/ product/service with the…

Q: Entrepreneurs are people with vision, drive and creativity, who are willing to take the risk of…

A: An entrepreneur is the one who generates a novel business, managing all the risks, and relishing…

Q: Choose an entrepreneurship in your area and determine if a business plan is used by the owner. If…

A: A business plan is a documented portrayal of your business's future plans. It's as simple as that an…

Q: Visionaries are born. Entrepreneurs are made.” Explain reasons why you agree or disagree with the…

A: Note: We are not authorized to provide the citation. Leaders are those who assist others and…

Q: Write a paragraph in response to the following statement: Business organization is a critical part…

A: Entrepreneurship refers to the ability that develops, runs, and organize a business to make a…

Q: Which of the following is NOT one of the common myths about entrepreneurs? Šelect one: a.…

A: Entrprenureship defines the activities of individuals, which leads to making innovation and change…

Q: This is a dimension of entrepreneurial orientation which refers to a willingness to act…

A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve…

Q: Entrepreneurs: a) are primarily motivated by the desire to help others. () b) create value for…

A: Entrepreneurs - An individual who has the ability to start, organize, and progress on the path of…

Q: A. With the aid of examples explain how the concept of market forces could be important in…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

Q: Cathy wants to open her own accounting firm. She requires your help with the business plan. Advise…

A: A business plan is a signed report that explains in detail how a company—mainly a start-up—describes…

Q: What are some of the advantages and disadvantages that small businesses have competing in today's…

A: Global Markets handles all deals and exchanging exercises on the essential and optional markets…

Q: Successful small business management requires just as much attention to, except: sales growth cost…

A: As my point of view option (d) Political view is correct. Reason Unless your business is about…

Q: What characteristics, skills, and aptitude are essential in the 21st Century to be a successful…

A: Entrepreneur is the person that has built a business, by bearing all risks and to achieve and enjoy…

Q: write a concluding paragraph about academic entrepreneurship and close by stating your opinion on…

A: The process of starting a business is called entrepreneurship. An entrepreneur is an individual who…

Q: Being an entrepreneur means you are acquiring certain skills and abilities. Briefly describe the…

A: Entrepreneurs and businesses find a host of sources for business ideas from various means such as…

Q: You have just graduated from the MBA program of a large university, and one of your favorite courses…

A: Answer 1The IRR of an investment is that the discount rate at which internet present value of costs…

Q: Are entrepreneurs born or made? 250 words

A: Business is an activity of making money or one’s living by producing some products or services or…

Q: Entrepreneur don’t just start a business haphazardly, but before starting he/she identifies…

A: Business is an activity of making money or one’s living by producing some products or services or…

Q: Warren Buffett an American business tycoon once said: “Someone is sitting in the shade today because…

A: Entrepreneurship is the ability and willingness to read, develop and organize the business…

Q: Describe the meaning of a "breakeven analysis" in relation to a business start-up initiative.

A: For entrepreneurs and startups, it isn't easy to estimate break-even analysis in the first year. But…

Q: True or false? Entrepreneur are bankers who lend money to individuals to start business

A: Entrepreneurs are the people that have a business idea to transform it into a business and their…

Q: lease choose five (5) answers which are true about entreprenuership a. Only people who have 50…

A: Entrepreneur- An entrepreneur is a person who establishes a business by taking a risk so that…

Q: Entrepreneurs take more risk. Because they a. Look for high job competition. b. Look for high…

A: An individual who undertakes or takes on the risk of starting a new business startup or venture…

Q: Businesses such as flower shops, restaurants, bed and breakfasts, and automobile repair are good…

A: All the businesses that we see around us require a specific kind of skill set. Be it a flower shop,…

Q: Entrepreneurship is all about making new products True False

A: Entrepreneurship can be defined as the process of developing a new idea which has the ability to…

Q: Mention any four sources of business startup ideas.

A: NOTE: WE ARE ONLY ALLOWED TO DO ONE QUESTION AT A TIME. THUS, I AM ONLY ATTEMPTING FIRST. FOR THE…

Q: Sometimes the greatest service a business plan provides an entrepreneur is a realization that the…

A: A business plan is a document that is in written form and contains the details of the business along…

Question

Give a short explanation for each items

Why NOT to be an Entrepreneur

Uncertainty of income

Risk of losing entire invested capital

Lower quality of life until business gets established

High levels of stress

Complete responsibility

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Type the correct answer in the box. Spell all words correctly. Which business model sells goods or services to buyers who then resell or use them for business purposes? The sell goods or services to buyers who then resell or use them for business purposes.
Give the Support points of this following benifits: The advantages of secondhand clothes include financial savings •Suitability for other people, including both boys and girls. •Additionally, there are many benefits to purchasing secondhand clothing that go far beyond your own wardrobe. You can not only discover one-of-a-kind things, try out new looks, and uncover amazing discounts . •Purchasing used clothing is good for the environment and your budget because some of it is branded. •Some clients find that used apparel satisfies their needs. •The chance to find one-of-a-kind pieces that nobody else owns is one of the best things about buying used clothing.
Which HA DHCP options do you think would be best for your business, and why? What makes it better? Is there anything bad about it? Why is it better than similar products? If DHCP stopped working on your network, how soon do you think you'd find out about it? How soon would you notice if your home's DHCP stopped working?
Choosing Discounts As owner of a chain of electronic stores, you decide to run a direct mail campaign involving coupons. What kind of research will you do to determine the nature and type of discount you should offer? Can you recall a time where you were asked to be a part of research? Was it qualitative or quantitative? Why?
Which level of the company has responsibility for deciding which businesses to startor eliminate?
A stable base of loyal customers can help a firm grow and prosper. How?
One of your friends is contemplating opening food cart near your campus. She seeks your advice about size of the prospective customer base and how to market the business according to the 7 Ps. What strategies can you share with your friend to assist in launching the business?
Please include excel statement
One of your friends is contemplating opening school supply store near your campus. She seeks your advice about size of the prospective customer base and how to market the business according to the 7 Ps. What strategies can you share with your friend to assist in launching the business?
In relation to the increase in the demand of face masks due to COVID-19, create a brief company history (hypothetical) that includes the following: - Reason why your company was established - Founders brief profile - Company's major turning points - Notable events that happened along the journey of the business
Unfortunately, Internet today have poor buying procedures, a short life span and a very high TV competition. * True False TOSHIBA
Many companies operate on the mentality that "mar- keting is an expense." Do you agree that marketing is an expense, or should marketing be treated as an investment? Should there be a business standard as to whether marketing is treated as an expense/invest- ment, or should individual organizations be given the freedom to choose which line item to assign it to? Ex- plain your reasoning.