Project #156409 - Identifying the Need for External Resources

Business Tutors

Subject Business
Due By (Pacific Time) 11/30/2016 11:00 pm

Our discussions on entrepreneurship are largely based on the following statements: 

  • An entrepreneur is someone who perceives an opportunity and creates an organization to pursue that opportunity.  
  • The entrepreneurial process involves all the activities associated with perceiving opportunities and creating organizations to pursue them.
  • Developing an organizational structure to develop and grow entrepreneurial initiatives requires specialization in many areas.

Entrepreneurs possess some expertise and skill sets acquired from past experiences. In most cases, there are many specific areas of expertise from external sources, which should be integrated in the planning stages. Most start-up ventures begin with a single location and in-house expertise is not always an option for financial reasons.

Using the readings for the week, Online Library resources, and Internet resources, research the need for external resources during the start-up phases of a new entrepreneurial concept. Then, respond to the following:

  • Identify areas of expertise that will be needed in the developmental phases of a new concept.
  • Explain specifically the areas of expertise that can be obtained through outside firms for the following three phases of development:
    • Planning phase
    • Preopening phase
    • Start-up phase

Write a 500-word essay in Word format. Format your assignment according to MLA guidelines.

EMPHASIZE ON PROFESSIONALS - CONSULTANT, ACCOUNTING AND LEGAL

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