HENT1181 - Entrepreneurship Assignment - Boston City Campus

Assignment Task

Questions

1. Sparrow Society is a non-profit based in Cape Town working to create viable and dignifying economic opportunities for women in a range of industries from textile products and even coffee.

2. Provide a practical example for each of the two (2) businesses mentioned above.

3. Based on primary objectives, key characteristics required to succeed, the focus, and current business stage. Use your own understanding to tabulate four (4) differences between a small business and an entrepreneurial venture.

4. Based on any entrepreneurial venture of your choice list five (5) pros and five (5) cons of being an entrepreneur

5. In your own words, provide Sam with six (6) detailed recommendations for managing the stress of his new venture.

6. In your own words, provide Sam with six (6) effective ways to manage his cash flow properly.

7. The viability of a venture is worth pursuing, whereas feasibility points to whether it is physically possible. However, viability is not easily determined. Many vital aspects must be carefully scrutinised through empirical observation and logical deduction. It would help if you asked several questions when attempting to discern an idea's viability. While the answers to some of these questions may be easy to find, others will require further investigation and possible financial investment.

It is important to remember that a business is an intricate system with various components that must operate at optimum efficiency. All parts of the vast machine that is your enterprise must work in unison to achieve your organisational goals and objectives, and so it is in your best interest to cover every possible basis in your viability study. You should begin your study with a look at the market.

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