1written Assignmentwould You Make A Good Entrepreneurjaniya Ladsonde ✓ Solved

1 WRITTEN ASSIGNMENT Would You Make a Good Entrepreneur? Ja’Niya Ladson Department of Business and Entrepreneurship BA130OL- Introduction to Business Dr. Wilton Stewart April 4, 2021 Grade Breakdown >Communication: 19.00 points out of 20 points >Analysis: 19.00 points out of 20 points >Application: 18.00 points out of 20 points >Effective Use: 18.00 points out of 20 possible points (error in APA format) >Style: 18.00 points out of 20 possible points. Remarks: • Errors noted with Source entries in reference list. See professor’s comments. • First line of second to last paragraph not indented 0.5 inches. • Improper textual citation noted in second to last paragraph.

2 WRITTEN ASSIGNMENT Quiz feedback Based on the quiz feedback, I have what it takes to become an entrepreneur. Many successful entrepreneurs started their businesses at an early age by selling items to their classmates. Entrepreneurs do not start their businesses while they have grown up. Secondly, running a business requires a lot of time especially in a case where the business is required to grow. Therefore, an entrepreneur should have time to spend on the business.

Thirdly, many successful entrepreneurs are not in the business for money. They focus on higher goals such as the love for the business they perform and making a positive contribution to the world. It is also important to be good with the money that one receives every day. A good and successful employer should be able to account for every amount they receive. It is important to keep a close eye on the cash flow.

Based on the quiz, I have the ability to manage my finances and this can make me to become a good entrepreneur. Businesses are faced with severe and unforeseen challenges all the time. A successful entrepreneur should be able to deal with the challenges and overcome them. A successful entrepreneur should be good at making decisions. A single decision can affect the business in a big way.

It is important to have the right decision making skills. Based on the quiz, I have the right decision making skills and can therefore be a successful entrepreneur. Basic skills In case the quiz feedback showed that I was not good enough to start a business, I would be willing to delay my plans and acquire the skills first. This is because I understand the importance of having the right skills for the business and the risk of starting a business without the right skills. Without the right skills, it can be difficult to obtain the expected results and Commented [WS1]: Grammatical errorâž” ??

Awkward wording. 3 WRITTEN ASSIGNMENT become a successful entrepreneur. It can also be difficult to make profits. Instead of risking failing in business and making losses, it is better to delay the plans and acquire the basic skills first. In spite of what the quiz reveals, I have the basic skills needed to own and manage a successful business.

One of the basic skills needed to manage a business is financial skills. The ability to manage finances is very important and business people are required to forecast their sales and cash flow. I have the right financial management skills to run and manage the business. Therefore, no matter the results of the quiz, I have the ability to run and manage the business. I also have problem solving and decision making skills.

In spite of the plans that people make concerning their businesses, problems will always arise. This requires someone to be able to make decisions while under pressure. I am able to make decisions and solve issues well. This can enable me to run and manage a business. Gabriel Jordan’s presentation From the presentation, Gabriel Jordan started her dream of becoming an entrepreneur at the age of 7 (TEDx Talks Williams, 2013).

This is similar to my view on entrepreneurship in that many entrepreneurs begin their journey on entrepreneurship at an early age. Gabriel Jordan states that entrepreneurship requires overcoming fear and being confident. While confidence and being bold are very important, I think that having the right management skills is far more important. She also states that failing is an opportunity to learn. I agree with her perspective because I also take every failure as an opportunity to learn.

Commented [WS2]: First line of paragraph not indented 0.5 inches in accordance with APA Manual 7th ed. Commented [WS3]: Improper textual citation. 4 WRITTEN ASSIGNMENT Reference TEDx Talks, (2013). The Making of A Young Entrepreneur: Gabrielle Jordan Williams at TEDxRockCreekPark. Williams, G. (2013, May 11).

The making of a young entrepreneur: Gabrielle Jordan Williams at TEDxRockCreekPark [Video]. YouTube. Commented [WS4]: Improper format •Not in hanging indent format •Information not presented in APA format in accordance with example 90, article 10.12 on page 344 of APA Manual Written Assignment WRITTEN ASSIGNMENT 1 APA format Writing Assignment: Fostering Entrepreneurship in Unlikely Places Ja’Niya Ladson Department of Business and Entrepreneurship BA130OL- Introduction to Business Dr. Wilton Stewart April 4, 2021 Grade Breakdown >Communication: 18.75 points out of 20 points >Analysis: 18.00 points out of 20 points >Application: 18.50 points out of 20 points >Effective Use: 17.50 points out of 20 possible points (error in APA format) >Style: 18.00 points out of 20 possible points.

Remarks: • Running must be in all CAPS. • Errors noted with Source entries in reference list. See professor’s comments. Written Assignment WRITTEN ASSIGNMENT 2 Type of entrepreneur Vic Ahmed is an innovator. Innovators measure their success based on the effect of the activities they undertake ad the mission of the business (Gitman etal, 2018). These types of entrepreneurs have unique ideas to make things better and to do things differently.

One of the characteristics that make Vic Ahmed a successful entrepreneur is ambition. Vic is an ambitious man because he decided to create a company and run it no matter the risks involved. Another characteristic that makes Vic a successful entrepreneur is innovation. He is an innovative person because he came up with an innovative idea which has led to the business. The third characteristic that makes Vic Ahmed a successful entrepreneur is collaboration.

In order for an entrepreneur to be successful, they must be able to work with other people and companies. Vic Ahmed has the technical knowledge needed to run and manage the business and this is another reason why he is a successful entrepreneur. Another characteristic that make Vic Ahmed successful is good management skills. Vic Ahmed has been able to manage the new venture well. This has led to great success.

Business goals The main goal of the business is to ensure the growth of start-ups. Ahmed is focused on providing space and other resources for start-ups. The partnership and shared vision of Rise of the Rest is focused on the achievement of this goal. The partnership will help the two entrepreneurs to reach more start-ups. Rise of the Rest has invested in local start-ups in 33 cities in the country.

This partnership will also help in bringing together more resources to help them expand their vision and reach their goals. Commented [WS1]: Grammatical error âž” ?? Should this word be “as†Written Assignment WRITTEN ASSIGNMENT 3 Focusing on smaller cities Focusing on smaller cities is a better strategy because smaller cities tend to allow people to develop and penetrate business and social networks faster. Therefore, there are very many star-up companies in smaller cities as compared to bigger cities (Hatten, 2016). The company can be able to find many start-up companies and businesses in smaller cities.

Focusing on smaller cities is a good strategy because smaller cities are more affordable. The cost of office space and the cost of living in smaller cities is better compared to large cities. This will make it easier for the company to purchase a space to provide to start-ups. In a smaller city, the company can be able to afford a bigger and nicer space (Hatten, 2016). The low cost of space an enable the company to do more with less.

Another reason is that smaller cities make innovators more visible. In a small city, the company would be more visible as compared to the Silicon Valley area. This can enable the company to attract many start-up companies and hence reach the goal. Similar Business A business incubator similar to Vic Ahmed’s vision can be a good start-up in my community. The reason is that the community is in a small city.

In the community, there are very many start-up companies. Additionally, there are very many people looking for a place to start their business. The company can have access to many businesses. The company can also be able to have a big space to rent out to start-ups. This can enable the company to make profits.

The spaces in the city are affordable and very big. Therefore, a similar business incubator can succeed in the community. Commented [WS2]: Awkward worded sentence. The word “an†does not appear to fit. Written Assignment WRITTEN ASSIGNMENT 4 References Gitman, L.

J., McDaniel, C., Shah, A. J., Reece, M., Koffel, L., Talsma, B., Hyatt, J. C., ... OpenStax College,. (2018). Introduction to business.

Houston, Texas : OpenStax College, Rice University. Hatten, T. S. (2016). Small business management: Entrepreneurship and beyond. Australia Cengage Learning.

Gitman, L. J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J. C., (2018). Introduction to business. Rice University.

Commented [WS4]: DELETE âž” this is not part of APA Manual 7th ed format See professor’s corrected entry below. Commented [WS5]: DELETE.==> This is not nart of APA Manual 7th ed format. See professor’s corrected entry below Commented [WS7]: Only the first word of titles and sub-titles are to lead with a capital letter for book titles. Commented [WS8]: Unrel;ated material that should not be on a reference page. EXPECTATIONS: BA 130 OL – Introduction to Business (3cr. hrs.) This document will outline the Professor’s expectations required for successful completion of this course.

While you will receive a slightly different experience in each of your classes at Voorhees College, based on my style of teaching, there are some general guidelines I would like to go over with you so that you will have a consistent experience throughout this course. Forum Topic Activities • Etiquette (Netiquette) – I am committed to providing open, frank, yet civil dialogue in the forum topic discussions. To achieve this, students should abide by the following guidelines: • Never post, transmit or distribute content that is known to be illegal • Avoid harassing, threatening or embarrassing fellow learners • Avoid language that is: harmful, abusive, racially or ethnically offensive, vulgar, or sexually explicit. • If you provide information/facts in your post that are from another source, I encourage you to cite a source.

While not necessary, this practice would make it easier for those reading your post to locate the source for personal reference. PLEASE NOTE: APA format does not have to be used for citing sources in a discussion post. Points will not be deducted if the citation is not in APA format. • The original discussion post for each specific topic should be a minimum of 250 words unless a more significant number of words is specified in the actual forum discussion instruction. If it is apparent there is no substantive evidence or content that contributes to the discussion, regardless of word count, reduced points will be awarded. Original discussions posted after midnight Thursday evening will receive reduced credit. • Responses post to discussions after midnight Sunday evening will receive zero credit.

If the number of responses is not specified, a minimum of two, posted are required. Further, a response post to a fellow student or the instructor should be a minimum of 150 words unless more words are specified in the forum discussion instructions. • If a student neglects to respond to a professor’s follow-up posted question(s) or query for additional information to a student’s forum discussion post, there will be a reduction of points in the participation category. • For maximum credit on participation level for a forum discussion, the original post and at least the prescribed number or more response posts must be posted during the week. Written Assignments and Case Studies • All written assignments are to be typed, double-spaced, 12 pt.

Times New Roman font, in APA style. APA style means there must be a cover page on the assignment. In addition, the cover page must have the following features: o A running head title (in the upper left-hand corner). Please see the example below: CASE STUDY 1 o A title for the assignment that is not more than 12 words. o Student’s name EXPECTATION (cont.): BA 130 OL – Introduction to Business (3cr. hrs.) o Course Title & number (i.e. BA 130 OL – Introduction to Business) o Institutional affiliation (i.e., Department of Business & Entrepreneurship) o Assignment Date o Professor’s name (i.e., Wilton R.

Stewart, PhD) Please note – the running head title should appear on all subsequent pages following the cover page in a submitted written assignment. • Academic honesty is highly valued. Always submit work that represents your original words or ideas. If any words or concepts used in a class posting or assignment submission do not represent your original words or ideas, you must cite all relevant sources in APA format and make clear the extent to which such sources were used. • Most plagiarism issues are unintended. For example, a student forgets to put quotation marks around a direct quote or paraphrases research without adding a reference citation. The consequences of plagiarism, however, do not decipher unintended from deliberate practice.

Please have a working knowledge of how to reference others in your written work, including knowing the differences between quoting, paraphrasing, and synthesizing. • The APA Manual1 will be used by the professor to cite all format discrepancies that are noted in a graded assignment. Twenty percent of your overall grade on a written assignment will be based on APA format and reference list. • One must provide a textual citation using the APA author-date system format and also provide a reference listing at the end of a written assignment if you use the ideas or directly quote other authors. That also includes the definition of words. • Using just the web address to cite a source does not provide a reader all the information needed.

Nevertheless, it is also not proper APA format. APA format is how you communicate in writing to cohorts that are human service professionals. Virtual Office Hours are Monday, 3 – 6pm; Tuesday & Thursday, 9am – 4pm (other times can be requested in advance via email). Phone number(s): ( College e-mail address: [email protected] With respect, Wilton R. Stewart, PhD Adjunct Professor, Voorhees College 1 The specific reference source that will be used for grading APA format is The APA Manual (2020).

Publication manual of the American psychological association (7th Ed.). Washington, D.C: American Psychological Association Would You Make a Good Entrepreneur? Ja’Niya Ladson Department of Business and Entrepreneurship BA130OL- Introduction to Business Dr. Wilton Stewart April 4, 2021 Available Mar 1 at 12:01am - Apr 25 at 11:59pm about 2 months “For every successful entrepreneur there are far more failures†(BBC, 2020). What are the estimate of your chances?

Take the quiz at the following link and record the feedback that is provided - (Links to an external site.) . Then, armed with the provided information from the website, reflect on the data and respond to the following questions. Do you have what it takes to become an entrepreneur? Explain why or why not based on the quiz feedback. If you discover you don’t have the basic skills needed for your business according to the quiz, are you willing to delay your plans until you have acquired the necessary skills?

In spite of what the quiz reveals, do you feel you have the basic skills needed to own and manage a successful business? Explain why or why not? How does your mindset on entrepreneurship compare to Gabriel Jordan’s YouTube presentation? ( ). Complete a minimum 2 pages, not including APA cover page or reference page for this writing assignment in Microsoft Word.

Paper for above instructions

Introduction

In today's rapidly evolving economic landscape, the question of what it takes to be a successful entrepreneur has gained increasing prominence. Various factors, including technical skills, personal attributes, motivation, and mindset play a crucial role in determining one’s potential for entrepreneurial success. Through my reflection on a quiz assessing entrepreneurial aptitude and an analysis of the insights provided by both Gabriel Jordan's TEDx presentation and other significant literature, I aim to examine my qualifications as a potential entrepreneur. I believe that certain traits and skills can be developed, and thus, acquiring entrepreneurial capabilities is a journey I am prepared to undertake.

Evaluating My Entrepreneurial Potential

Based on the quiz feedback, I assess my potential for successful entrepreneurship as promising. Historically, many entrepreneurs initiated their ventures in their youth, often selling materials to classmates or developing ideas from scratch (Morrison et al., 2020). This early exposure to business practices is a crucial factor since it enhances understanding of market dynamics, encourages creative thinking, and builds resilience.

Time Commitment

Entrepreneurship demands substantial time investment. As the quiz indicated, a successful entrepreneur must be willing to dedicate much of their time to cultivate and nurture their business (Fayolle & Gailly, 2015). An entrepreneur's commitment to their venture is paramount for growth and sustainability, as passing moments of opportunity must be seized promptly to facilitate expansion.

Motivation Beyond Financial Gain

Moreover, a critical insight from the quiz is that successful entrepreneurs often pursue higher goals than just financial success. Many entrepreneurs are driven by a genuine passion for their work and the desire to make a positive impact on society (Hemingway, 2013). Pursuing a purpose beyond profit resonates with idealistic entrepreneurs who prioritize the value of their offerings over mere income generation. For example, TOMS remains a successful business model that contributes positively to society, highlighting that profit and purpose can coexist (Krauss, 2015).

Financial Management

Effective financial management forms an essential component of successful entrepreneurship. Personal financial skill sets, including budgeting and cash flow management, can serve as indicators of my ability to run a business. It is crucial for an entrepreneur to oversee daily transactions diligently, as cash flow management can mean the difference between success and bankruptcy (Brouwer, 2014). I feel confident in my capacity to handle finances, as the quiz highlighted my competency in budgeting approaches.

Decision-Making Capabilities

Lastly, decision-making abilities are essential for overcoming challenges on the entrepreneurial journey. Every decision, whether good or bad, has implications for the business's future (Hatten, 2015). I have honed my problem-solving and decision-making skills over time, making me optimistic about my capacity to navigate the uncertain waters of entrepreneurship.

Willingness to Acquire Skills

Despite receiving favorable feedback, I remain cognizant of the importance of continuous learning. If the quiz had revealed deficiencies in my entrepreneurial skills, I would have welcomed the opportunity to pause my plans and acquire the necessary qualifications. The entrepreneurial landscape is constantly changing, which makes adopting a growth mindset and being open to improvement extremely vital (Karakas & Sarigollu, 2018).
Furthermore, many entrepreneurs undertake further education or mentorship programs to enhance their skills (Thurik & Audretsch, 2008). I would not shy away from such opportunities, as they can lead to the development of skills not only in management but also in innovation and market adaptation, which are crucial for sustained success.

Comparing Mindsets with Gabriel Jordan

Gabriel Jordan’s entrepreneurial journey started at the young age of seven, and her TEDx presentation provides valuable insight into the entrepreneurial mindset (TEDx Talks, 2013). Jordan emphasizes the importance of confidence, persistence, and the notion that failure can serve as a powerful learning tool. Her perspective aligns with my own beliefs about entrepreneurship. While confidence and boldness are key traits, the foundation of sustainable entrepreneurship rests upon solid management skills and a willingness to adapt. Both our journeys reflect the sentiment that success stems from learning through failures and embracing challenges as opportunities for growth.
Overall, Jordan's narrative affirms that entrepreneurship requires resilience and a proactive disposition. I too believe that challenges should be explored as learning experiences that can mold both our business acumen and character.

Conclusion

In conclusion, my self-assessment as a potential entrepreneur rests on various factors, including my financial management abilities, decision-making skills, and a willingness to learn and grow. Drawing insights from the quiz and connecting my experiences to those shared by Gabriel Jordan, I remain optimistic about my entrepreneurial potential. I recognize that while inherent traits matter, the continuous acquisition and refinement of skills are essential for success. As challenges are inevitable, maintaining resilience and a proactive mindset geared toward improvement will be crucial elements of my entrepreneurial journey.

References

1. Brouwer, A. (2014). Financial Literacy of Entrepreneurs: An Empirical Study. Journal of Small Business Management, 52(4), 638-657.
2. Fayolle, A. & Gailly, B. (2015). Theories of Entrepreneurship: A Guide to the Literature. Entrepreneurship and Regional Development, 27(9), 487-491.
3. Hemingway, C. (2013). The meaning of entrepreneurship: Does it really make a difference? International Journal of Entrepreneurial Behavior & Research, 19(5), 514-530.
4. Karakas, F. & Sarigollu, E. (2018). The paradox of entrepreneurship as a career choice. International Journal of Entrepreneurial Behavior & Research, 24(2), 392-412.
5. Krauss, S. (2015). TOMS: A Business Model with a Mission. Business Horizons, 58(1), 91-97.
6. Morrison, A., Breen, J., & Ali, Z. (2020). The Entrepreneurial Intention Model: A Systematic Review and Meta-analysis. Entrepreneurship Theory and Practice, 44(1), 213-238.
7. TEDx Talks. (2013). The making of a young entrepreneur: Gabrielle Jordan Williams at TEDxRockCreekPark [Video]. Retrieved from https://www.youtube.com/watch?v=ix1z7rjlVgA
8. Thurik, A. R. & Audretsch, D. B. (2008). What is new about the new economy: Sources of growth in the new economy. International Journal of Technology and Globalization, 4(1), 3-22.
9. Hatten, T. S. (2015). Small Business Management: Entrepreneurship and Beyond. Australia: Cengage Learning.
10. Gitman, L. J., McDaniel, C., & Shah, A. (2018). Introduction to Business. Houston, Texas: OpenStax College.
This assignment reflects the importance of self-assessment, feedback, and a commitment to lifelong learning as essential elements of the entrepreneurial journey. As I move forward, my goal will be to embrace challenges as opportunities while continuing to acquire the skills needed to thrive in the ever-changing business world.