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Entrepreneur Assignment Help Solutions

Question 1

a)

All-encompassing the issues of the relation that shall confront inconsistently inappropriate the faced within the organization that the propel shall treat the new employer and the policies that could help to understand the situations which shall consistently be handling the workplace situations (West,2015).

Identify the need for a policy

The employers need to ensure fairness and the Management’s willingness to respond to specific employee requirements, including directives and standards, as well as consistent procedures and legal enforcement. If workers’ actions show a lack of understanding regarding proper behavior, the organization’s need for clear expectations and guidelines understood as a contract should be addressed. Employees can only be fired “without cause,” according to the policy.

Obtain Stakeholders Support

Far too frequently, those who are required to carry out the rules have been drafted, so it’ll be crucial to coordinate so that the appropriate changes can be made before legal counsel completes its final regulatory review administrators and superiors who will be expected to enforce the legislation.

Communicate with employees

Employees should be given context information to help decide the right way to implement the policy. Employers should provide a contact tool that allows staff to ask questions about the policy and ensures that the policy is known whether they use e-mail or a business memo. The most effective way to disseminate the policy Employees should be provided with sufficient information to allow them to make well-informed decisions.

Update and Revise the policy

Policies can be checked regularly to ensure that they are compliant with federal and state regulations as well as the organization’s requirements. They demonstrate the organization’s commitment to positive work on unequal workplace practices and function as experts on human resources or employment policy implementation. The majority of analysts recommend that policies be thoroughly reviewed at least once a year(West, 2015).

Purpose statement

The mission statement explains pride and encourages trust on the part of such people to add to the corporate culture and integrity this section provides information about particular laws, standards, or organizational actions to have a positive impact on consumers.

b)

  1. Lack of direction from yourself or others

The lack of concrete priorities and strategies to help you step ahead and develop your creative skills is the first impediment to creative thinking. When you’re crystal clear about what you want to do, the imaginative mind comes alive.

  1. Being afraid of failure

The second biggest impediment to imaginative thought is the fear of disappointment or losing, which becomes the main cause of failure. It’s the fear of being mistaken, of making an error, of failing, and of handling problems in an unsuccessful manner.

  1. Being afraid of rejection

The anxiety of being judged by others, including those you don’t know or care about, is the third big impediment to imaginative thinking. As a result, you conclude that they are reluctant to market themselves or their business ideas (Dvouletý, 2017).

  1. Never changing or adapting to the situation

“Homeostasis” is a huge impediment to innovative thought. There seems to be an inexorable latent pressure to continue using the amazing powers of rationalization to defend your refusal to change. Homeostasis is a huge stifled of human capacity, and it can obstruct progress. It’s the uncertainty of doing something new or doing something different.

  1. Not Thinking Proactively

Instead of thought proactively and positively, the thinking becomes passive and automatic. When you recommend or present a new concept or way of doing something, they normally respond with negativity and discouragement, similar to a muscle that hasn’t been used everywhere.

Question 2

  1. a)

Frontload your Campaign

Select members of the entrepreneurial inner circle open their initiative to the public to ensure that they receive more than 30% of support in the first week. Although friends and family are eager to help, the world needs to feel as though they are a part of something good (West, 2015).

Tell a great story

How would it assist the reader or someone you’ve enlisted their support with, in caring for something? willing to part with their money to be a part of the plot, but not motivating. Why is it unique if you want people to open their wallets? (Dvouletý,2017).

Make a great Video

Gain four times as much money as someone who doesn’t have a plot, no matter how amazing it is. sends the message that the company isn’t serious about its work. Consider it a visual representation. It should be well-edited and scored, as an amateurish video can give the impression that you aren’t serious about your business, and bad production can be distracting.

Look professionals from all angles

Spend time and/or money on good photography and copywriting. Investors would be skeptical if you skimp on the show. Along with your high-quality footage, don’t scrimp on something that points to great photography and copywriting.

Be detailed and specific

Keep in mind that the target isn’t simply to yell, “Give us money!” launching a new venue, first production run, you must break down where the funding you’re looking for must be concrete, practical, and based on fixing platforms; otherwise, you would not get any funds if your campaign did not involve your supporters in caring about the problem. To that end, make each campaign’s goals as modest as possible.

Offer multiple price points

However, because of the pricing level, more price points indicate that you have enough perks to sell for higher amounts. Several ads have price points in the hundreds of dollars. be eligible to participate in your initiative, and some will even have solutions in the thousands, A slim, intangible perk for donations is offered by some campaigns.

Spread the Word

Use any possible tool to spread the word about the initiative, including email blasts, to inspire readers to share the message, tweet, or contribute(Dvouletý, 2017).

b)

Positives of Crow funding Campaign

It provides access to capital

Crowd funding is a fantastic way to raise funds for a project by enlisting the help of the group in return for a small donation. An entrepreneur may believe that, apart from their tangible goods or other relative talents, there is nothing else they can do. Platforms that offer rewards for approved donors raise funds through crowd funding (West, 2015).

It hedges Risk

In its current form, crowd funding enables a business to achieve market validation. Launching a crowd funding campaign protects you from business validation issues as well as other investors who want a slice of your business. Creating a business is a dangerous and difficult undertaking.

It serves as a marketing tool

These users are also crucial for social marketing because they can distribute and spread the message to their networks for viral marketing. After all, they can distribute and spread the word to their contacts using social media mechanisms, organic visits from unique users, and future funders. Many crowd funding sites have social media features built-in.

It gives proof of concept

Any angel or institutional investor’s first issue would almost always be in the lines of proof of concept. An effective crowd funding strategy was built on the ability to show supporters and persuade them. When it comes to trust and dignity, you know you’re on the right track (West, 2015).

Disadvantages of Crow Funding

Scrutiny and Rejection

The campaign may be forgotten. If you don’t follow any of their standards, your campaign will never be noticed, even if you have a good idea.

Competition

Because of its intrinsic benefits, crowd funding has become extremely common. Finding a spot for yourself necessitates a well-thought-out strategy for standing out from your rivals. If your campaign is approved, you’ll be up against some tough competition (Caniëls, et al., 2015).

Meeting the threshold

The downside is that if you don’t follow the criterion, you won’t be able to get all of the rewards on those crowd funding sites. The all-or-nothing scheme is used on certain crowd funding sites, but it’s common enough to warrant your attention.

`Leaking valuable Information

Crafted a slew of related items that sold for a fraction of the cost of the original Fidget Cube. You could even run the risk of leaking sensitive knowledge about the goods to the packaging firms.

The risk of failure

An unsuccessful crowd funding effort indicates that your marketing idea isn’t good enough—at least not for the vast majority of people. A venture capitalist won’t let you list the same product twice. While crowd funding isn’t right for every company or entrepreneur, it can help you increase your chances of success (Caniëls, et al., 2015).

Question 3

a)

Good entrepreneurs are born, and they must learn to adapt their characteristics in a specific manner. Since no one is born with any of the traits required to be 100 percent successful on their own, no one is born with all of them. He led me to our office window and instructed me to observe the hot dog vendor. So, yeah, some nurturing from people who care for your development is needed. Entrepreneurs are born and made, in my opinion. These newly successful pioneers were conceived and raised to succeed. It is also not uncommon for these two powers to collide. Entrepreneurs should not appear anywhere. Entrepreneurs are not like athletes in that they do not need a natural body or muscles, but they do require some preparation and experience. Many people from non-entrepreneurial backgrounds have made a lot of money thanks to his unusual and reliable stock market predictions. Entrepreneurship’s most important characteristic is creativity, which does not come naturally. Any year, Apple will introduce a new product or improve a current product, and the huge popularity of the phone, iPod, and Mac has made Steve Jobs the most well-known successful entrepreneur in the world. Instead of inheriting their companies from their fathers, they started their businesses as a green hand. As a result, we cannot assume that entrepreneurs are born. The difficulty with finding consistency is that it is something that everyone is born with, and the potential arises from those challenges. The processes of running a company become his or her conditional reflex, and business terminologies and skills become their vocabulary. The third attribute of entrepreneurship is intelligence, which is learned by schooling rather than being innate. As an entrepreneur, you’ll need to know not only how to read financial statements, but also how to calculate financial ratios. Henry Ford gave up the majority of his stock in exchange for the necessary cash, and it took him longer than he wanted to earn funds to buy back his stock(Caniëls, et al., 2015).

b)

Curiosity- This is dependent on having a strong interest in various fields of analysis. Great developers are tasked with identifying new challenges and identifying possible niches.

Time-Management- Methodologies for project management and time distribution that get the job done Prioritization, milestone definition, implementation, and iteration without allocation technique.

Strategic thinking- Defining the MVP’s reach and putting ideas to the test Learning to break down a challenge to the bare essentials and uncover possibilities by looking for low-hanging fruit (Ali, et al., 2019).

Efficiency- Changing between various chores and making successful day-to-day improvements When it comes to solving a problem, high performance is needed.

Resilience- Handling rejections, heat, burnouts, loss of focus and slow progress in developing a company from the ground up are all important.

Communication- Any contact with customers, partners, peers, clients, and prospects requires effective communication.

Networking- Business ventures, collaboration agreements, locating subcontractors, and potential hires are all made easier by rowing a network.

Finance- Entrepreneurs must efficiently manage capital and closely evaluate assets in terms of return on investment (Caniëls, et al., 2015).

Branding- Creating a cohesive personal and professional identity that is targeted to the right audience.

Sales- Creating distribution funnels and revenue opportunities that are predictable for future growth. Being at ease with doing outreach and developing new market ventures helps you turn more leads and engage in distribution platforms.

Strong entrepreneurs also have an evangelistic appeal, and they see it differently. They aren’t afraid to find solutions that the majority of people overlook or are too afraid to try. Taking risks can result in spectacular failures as well as spectacular successes(Ali, et al., 2019).

References

Ali, I., Ali, M., Leal-Rodríguez, A. L., & Albort-Morant, G. (2019). The role of knowledge spillovers and cultural intelligence in enhancing expatriate employees’ individual and team creativity. Journal of Business Research101, 561-573.

Caniëls, M. C., & Rietzschel, E. F. (2015). Organizing creativity: Creativity and innovation under constraints. Creativity and Innovation Management24(2), 184-196.

Clauss, T., Breitenecker, R. J., Kraus, S., Brem, A., & Richter, C. (2018). Directing the wisdom of the crowd: the importance of social interaction among founders and the crowd during crowdfunding campaigns. Economics of Innovation and New Technology27(8), 709-729.

Dvouletý, O. (2017). Does the self-employment policy reduce unemployment and increase employment? Empirical evidence from the Czech regions. Central European Journal of Public Policy11(2), 11-22.

Liu, Y. (2017). Born global firms’ growth and collaborative entry mode: the role of transnational entrepreneurs. International Marketing Review.

Looi, K. H., & Khoo-Lattimore, C. (2015). Undergraduate students’ entrepreneurial intention: born or made?. International Journal of Entrepreneurship and Small Business26(1), 1-20.

Mohammadi, A., & Shafi, K. (2015). The contribution patterns of equity-crowdfunding investors: Gender, Risk aversion, and Observational learning. Royal Institute of Technology, CESIS-Centre of Excellence for Science and Innovation Studies.

Rosairo, H. R., & Potts, D. J. (2016). A study on entrepreneurial attitudes of upcountry vegetable farmers in Sri Lanka. Journal of Agribusiness in Developing and Emerging Economies.

West, D. M. (2015). What happens if robots take the jobs? The impact of emerging technologies on employment and public policy. Centre for Technology Innovation at Brookings, Washington DC.

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