Guidelines for this Assignment
1. Answer all questions.
2. Students are strongly encourage to acknowledged all sources used to complete this assignment (AM Referencing Style)
3. Critical and logical reasoning is strongly encouraged.
4. Use your time wisely and do not hand in last minute work.
FORMER BIG BROTHER AFRICA IBBAI NAMIBIA HOUSEMATE SEEKS ENTREPRENEURIAL GUIDANCE
Ms. Lucille Naobes a former Big Brother House housemate for 2008 recently approached you as an entrepreneurship student at the University of Namibia as she is looking for ways to improve her business. Lucille Naobes did many things right in her guest to build her current successful business in real estate. Setting goals with dear and succinct timelines and being committed to achieving them helped her get her current business in real estate stared. Hard work, dedication passion, discipline and her commitment to getting the right skills have made all the difference and she has all the accolades to show for it. With her soft voice Lucile tells in she would love to leave this world better than she found it and is constantly seeking ways to help other Namibians like herself grow the national economy. She is currently busy with reading the Nambian Harambee Prosperity Plan and intends to expand her current business to Singapore.
Using the story from Ms. Lucille Naobes above: You are required to:
1. Would you consider the chance that Ms. Lucille Naobes got to represent the Republic of Namibia on an international platform (SBA) as a perfect opportunity to start up her future business ventures? Why or Why not?
2. What would you do differently as a student of entrepreneurship; if afforded the same opportunity to represent your respective country in the BBA House as Ms. Naobes was afforded in 2008?
3. Act as an entrepreneurial/business expert, and help Ms. Lucille Naobes with a business plan for the expansion of her real estate business; especially taking into consideration the current turbulent economic times in the world. Explain to her what specific aspects focusing on business start-up she should include in her business plan?
4. What are some of the primary reasons why an executive summary is critical to any business plan?
5. Advise Ms. Naobes about some situations that would lead an entrepreneur needing a different type of business plan?
6. Discuss to Ms. Naobes the sources of assistance that are available to communities or people who wish to set up businesses in Africa?
7. Distinguish between business plans used to obtain a loan and a business plan used as a strategic tool?
8. Outline how emotional attachment can be a critical factor to the long term survival and success of a business?
9. Conduct a brief desktop research on the Republic of Namibia's Horombee Prosperity Plan(HPP) Look closely at the various pillars and answer the questions below:
9.1 Name the key pillars of the Harambee Prosperity Plan?
9.2 Which of the pillars you named above is the most important? Justify your answer?
9.3 Do you think it is important to understand the HPP; especially when setting up a business in Namibia? Why or why not?
10. Singapore with limited or no natural resources have grown their economy successfully, yet Namibia with all its abundant natural resources is challenged to grow beyond capacity. Conduct desktop and field research and highlight some of the growth and development measures used by Singapore. In addition discuss some of the lessons Namibia can learn from Singapore?