Andy Rexford had started his custom embroidery shop in his garage with just one two-head machine and an old computer. From this humble beginning, Custom Stitches had grown into a full-time family business with sales of more than $750,000 a year and supplied the local college and businesses of all sizes with embroidered caps, shi ...continues
Rhonda Allegro has spent most of her spare time in the last 10 months either in the library at the local university or at the Small Business Development Center (SBDC) housed there. A little more than a year ago, she decided to launch a retail music store specializing in musical instruments, supplies, and hard-to-find sheet music ...continues
Both Rhonda and Andy have joined your small business owners group and are recounting their troubles with acquiring their finances. This leads to a discussion on the following: Why is it so difficult for most small business owners to raise the capital needed to start, operate, or expand their ventures? How can a firm employ ...continues
Visit the U.S. State Department Web site at http://www.state.gov/r/pa/ei/bgn/ (scroll down to the "geographic regions") and select a region of the world that interests you. Select three countries from this region and read the material provided on that country. Select the country that you believe would be most conducive to a sm ...continues
1. What advice would you offer an entrepreneur interested in launching a global business effort? 2. Explain the statement, "For each benefit gained by regulation, there is a cost."
Andy Rexford had started his custom embroidery shop in his garage with just one two-head machine and an old computer. From this humble beginning, Custom Stitches had grown into a full-time family business with sales of more than $750,000 a year and supplied the local college and businesses of all sizes with embroidered caps, shi ...continues
Why is it so difficult for most small business owners to raise the capital needed to start, operate, or expand their ventures? How can a firm employ bootstrap financing to stretch its current capital supply?
Entrepreneurial Issues: Advice, Regulations, and Cost
1. What advice would you offer an entrepreneur interested in launching a global business effort? 2. Explain the statement "For each benefit gained by regulation, there is a cost."
What are some distinctive characteristics of entrepreneurs in Japan? What distinctive challenges do they face? How do Japanese patterns of starting up and growing a company differ from such patterns in Silicon Valley? Do you think that Silicon Valley-style entrepreneurship in Japan might or might not become more widespread? ...continues
In your own words describe the economic revolution. How did small businesses play a large part in building the Internet infrastructure?
