New Venture Challenge #2
This assignment is to be undertaken by students individually. It is not a group assignment. Please select one of the two essay questions below. Your essay should be no more than 3 pages in length (typed, double-spaced text, 12-point font). The page limit does not include your title page or a page with your references.
Prepare your assignments with care and pride. Do proofread your work before submission. Remember to number the pages. The penalty for plagiarism is that you will receive a grade of zero for the essay. The late penalty for the essay is 10% per day after the due date. Students experiencing circumstances that may require special consideration should speak with the course instructor well in advance of the due date. Please contact me should you have questions or concerns.
Make sure you answer the question that is asked. It is important that you read the instructions. Have you answered the question posed to you? Is your assignment an organized collection of ideas? Does it demonstrate that you have undertaken some critical and creative thinking? Is it well written and properly formatted? If you cite other sources, are those sources properly referenced?
1. Explain one means by which entrepreneurs can finance their business enterprises. Select one of the following: (1) use of personal funds (2) bootstrap financing (3) obtaining capital from a bank or a similar financial institution (4) crowdfunding. What are the benefits and drawbacks of the approach or method you have selected? A good starting point for this essay would be pages 210 to 231 and 237 of the textbook (Good & Mayhew, 2014).
2. If you held a position of authority within the public sector (that is, a senior government role) what would you do to stimulate entrepreneurship within your jurisdiction? Would you support current initiatives or would you develop some new ones? Make sure you justify your proposed actions. A good starting point for this essay would be pages 43, 67-70, and 219-222 of the textbook (Good & Mayhew, 2014). You may want to browse other sections of the textbook as well in order to obtain other relevant ideas.
