Week 2: Assignment
Professionally interact with fellow students or business managers to learn skills necessary for entrepreneurial success.
Analyze risks inherent in owning a business.
In week 1 you conducted your first interview with a small-business owner/manager. This week you will complete a second interview with the entrepreneur/manager and address the ongoing challenges the business has faced in the past, is currently facing, and will continue to face in the future. Start your week by reviewing your interview write-up from last week. The obvious next step, unless you did this last week, is to set up a date and time when you may conduct this second interview. Next, as you did last week, create an interview outline to use. As this week’s focus is on “ongoing challenges,” build your interview outline around past, present, and future challenges the business has, is, and will face. Feel free to modify this outline, but here is one way to start:
Areas of challenge to a small-business (there easily could be several more):
Human resources related (skills, retirement, turnover)
Related to competition (increased, unscrupulous, larger, e-commerce)
pricing related (international, out of state, or new competitor based)
Hindrances to growth (people, financing, competition)
Services related (delivery, market constraints, inventory)
Product related (product evolution, competitiveness or availability from manufacturer, or access issues)
Asset or Financing related
Legal, regulatory, or license related
As you learned last week, the key to a good interview is preparation, using open-ended questions (as opposed to yes-no questions), and exercising good listening skills. This course will be a challenge to your time management skills. There is a lot to cover this week, including a discussion Forum and reading materials on small business challenges in the Reading & Resource section.
As you did last week, write up your notes or transcribe your recordings into a narrative and present your findings and conclusions in a logical manner. Your narrative should be a minimum of 5 pages. One possible organization may be as follows:
Section 1 – Past and Present Challenges Faced by the Entrepreneur
Section 2 – Future Challenges that Could Affect the viability of the business
Section 3 – Your conclusions and insights regarding the challenges this company may face in the future.
Your paper should be in APA format. Finalize and submit your report by Sunday midnight.
A rubric is provided here for your convenience that details how this assignment will be graded. Please review it carefully prior to submitting your work.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more