Devry SBE 420 All Week Discussions-Latest 2015 Winters
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Question
week 1
Everyone has heard of Bill Gates and Jeff Bezos, but there are many other entrepreneurs who we’ve never heard of because they failed in their ventures. What does the term entrepreneur mean to you? What characteristics do you think make a person a successful entrepreneur?
Why is strategic planning important to a small company? What business strategies are available to small businesses? week 3 Preparing a Financial Plan
Why is preparing a financial plan so important? How do financial ratios fit into the preparation of a financial plan?
Cash Management
Why is cash management so important to a small business? How can a small company avoid a cash crunch?weekn 5Describe a source of equity financing, and discuss when this type of financing would be appropriate for a small business.
Dq2
Describe a source of debt financing, and discuss when this type of financing would be appropriate for a small business. week 7 Risk and Legal Issues (graded)
In your opinion, what is the greatest risk in owning and operating a small business? Explain.
Insurance (graded)
Insurance can be a costly expense, especially for a company that isn’t profitable. Explain the different types of insurance that a small business can obtain, and identify which ones you think are crucial, which are not, and why.week 6week 6
Supply Chain Management (graded)
A purchasing plan can mean the difference between success and failure of a small business. Why is it important to develop a purchasing plan? What should be included in a purchasing plan?
Small Business Administration (graded)
Many people say that managing a small business is the worst part of owning a small business. Why do you think that is? If a new small business owner came to you and asked your advice on how to manage employees, what would you tell them?
week 2
Feasibility Analysis (graded)
Describe one of the elements of a feasibility analysis. Describe why this element is an important part of the planning process.
Location, Location, Location (graded)
Why do realtors always say location, location, location? Which do you think is the most important component in the sale or purchase of real estate?week 4
Building a Competitive Edge (graded)
How does a company build a competitive edge, and why is this important for a small business? Marketing on the Internet (graded)
What are the benefits of a small business marketing itself on the Internet? What are the disadvantages of a small business marketing itself on the Internet?
