Homework: Entrepreneurship and Small Business
Course Learning Outcome:
1) Demonstrate a solid understanding of the potential of entrepreneur in today's competitive business world.
2) Design a solid projected financial Plan and conduct a breakeven analysis for a small company.
3) Demonstrate a thorough understanding regarding the importance of cash management for the success of a small business.
Case Study
Students are supposed to read the attached Case 2- Able Planet. Based on your understanding of the case and basic concepts of Entrepreneurship.
Answer the following question:
1) Experts say that entrepreneurs who need between $100,000 and $3 million often face the greatest obstacles when raising capital for their businesses. Why?
2) How should Kevin Semcken raise the $1.5 million in capital that Able Planet needs? Be sure to consider sources of both debt and equity financing.
3) Write a short memo to Kevin Semcken explaining what he should do before he approaches potential lenders and investors to maximize his chances of getting the capital that Able Planet needs.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.