Category Archives: Q&A

22 The International

The following topic will be addressed in this post: If there were a market for it, would you consider entering an international market for a product/service which you offered in your own enterprise? Why or why not? International commerce. Would … Continue reading

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20 Hell’s Kitchen

The following topic will be addressed in this post: Discuss an example which you have experienced or witnessed where quality control gone awry. The Relentless Pursuit of Perfection– Lexus tagline Top businesspeople understand the negative effects of mistakes and waste … Continue reading

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19 JIT Kune Do

The following topic will be addressed in this post: What are the pro’s and con’s of JIT inventory control? Empty your mind. Be formless, shapeless, like water. Now, you put water into a cup, it becomes the cup. You put … Continue reading

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13. 14. & 17. I’ll Gladly Pay You Tuesday…

The following topics will be addressed in this post: How does the extensive use of credit cards by their customers affect small businesses? Describe three methods for limiting the risk for a company that extends credit to its customer? Explain … Continue reading

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12. C’mon, Man!

The following topic will be addressed in this post: Explain the scope of fraud and why it impacts small businesses to a greater extent than large businesses. What should the owners or managers do to prevent fraud from occurring in … Continue reading

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9. & 10. The New Frontier

The following topics will be addressed in this post: Why is environmental scanning a management concept, NOT an entrepreneurial concept, and what process do entrepreneurs practice which takes its place? What are the pros and cons of doing business entirely … Continue reading

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6. & 7. Passing the Baton

The following topics will be addressed in this post: Discuss the advantages and disadvantages of buying a business as opposed to starting one from scratch. What two ways can one buy a business and which is preferable ? Why? Is … Continue reading

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5. Franchise Player

The following topics will be addressed in this post: What is typically provided by a franchisor to its franchisees? Why would these be valuable to a nascent entrepreneur? Why is the failure rate lower for franchisees than it is for … Continue reading

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4. The Franchise Tag

The following topics will be addressed in this post: What is the difference between a franchisee and a company owned store within a franchise chain? Why might one prefer to be the franchisee or the manager of a company owned … Continue reading

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3. Entrepreneurial Self-Examination

The following topics will be addressed in this post: Do I have the stuff it takes to be an entrepreneur? Honestly, it’s an open question. I am intelligent and I am acquiring skills through training and education. I am passionate … Continue reading

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