Entrepreneurship and Innovation Subject
Q1) Do you think kickstarter is a viable alternative to raising equity funding or debt financing? If so under what circumstances?
The growing popularity of the Internet has spawned crowdsourcing as new model of fund raising, pioneering by www.kickstarter.com. This innovative model is a distributed problem-solving and production model helping entrepreneurs and investors to launch a new product to the market place. From the novelty point-of-view, it is fast becoming a viable alternative to traditional funding models like equity or the debt route. Typically, crowdsourcing for financing is familiar as crowdfunding. Under this model, an innovator makes publicity of his funding requirements through the Internet to individual investors. The individual investors offer financial contribution which are thereafter consolidated by the platform and handed over to the project owner. (Jennifer, 2012)
By far, it has become a viable alternative due to the following circumstances (i) Kickstarter provide a standardised format for entrepreneurs to publicise their project in a wide-ranging manner over the internet. (ii) They permit for small financial transactions to allow broad participation with restricted downside risk. Since Kickstarter permits innovators to source finance from a vast majority of the population, each individual investor is able to contribute according to their wish. (iii) They deliver information regarding...
Entrepreneurship How does a "low price provider, a low cost operator," that is committed to keeping quality and safety at the forefront of operations, "…achieve financial sustainability?" (Anant, et al., 2012, p. 1). This paper critically evaluates the article and offers an analysis of the business model employed with Lifespring Hospitals. The Lifespring Hospital Case The hospital got off the ground thanks to American money in the form of a venture capital fund
Finding ways to delegate authority is an important thing for entrepreneurs when they grow. When a company is in the beginning or high growth stage of the business cycle, there comes a point when the founder must let go some control so that the business can be more professionally run. The current business model is somewhat aimless, but oriented towards high end positioning. An alternate direction is that the business
Entrepreneur Description of the Business The business that I am starting is a food truck specializing in pulled pork sandwiches. The primary product is the pulled pork sandwich -- the pork is produced off site -- and it is sold along with a handful of complementary items (drinks, chips) in a food truck, essentially a mobile restaurant. The business will have two trucks to start, in order to cover a wider geographic
Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between
While entrepreneurial accomplishment is common across all nations the ability to create and sustain value-based ecosystems as rapidly as American entrepreneurs are unique (Arbaugh, Camp, Cox, 2005). American Entrepreneurs' Contribution to Global Innovation Innovation in and of itself is not enough to create entirely new businesses; it is in translating innovation into unique, ingenious products and services that meet unmet needs of both consumers and businesses. The current economic downturn, it
Entrepreneurship (1) What is success and how do they measure success Definition of success is the very initial step to achieving it and success is what everyone gets throughout the whole day. It is about satisfying one's potential and achieving one's dream. (How do you Define Success) A strong inclination continues to be present, especially among the professionals managing enterprise development to measure entrepreneurship through some techniques. These measurement efforts can vary from
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