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Chapter 7 1 on a 1 to 10 scale what is your level of

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Chapter 7 1) On a 1 to 10 scale, what is your level of personal interest in becoming an entrepreneur? Why did you rate yourself as you did? I would rate my interest at a 5 because the idea of running a business is intimidating to me. The idea of being responsible for staff who report to you and look to you for every decision is enough to deter me from owning my own company, unless of course I have no employees and it’s just a single operator kind of company. You have to hold yourself accountable for performing several different roles within your company, especially during the start-up period and it is a gamble as to whether your business will succeed or fail. Maybe when I retire I’ll start a popsicle
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Beth Hoerschgen Principles of Management Dropbox 3 January 25, 2018 cart on a beach and work only during the summer months when I have the best chance at selling my product all while enjoying the weather and awesome atmosphere! 6) Identify some businesses that recently opened in your area. What are their chances of survival, and why? How would you advise the owners or managers of those businesses to ensure their success? There are new mom and pop gyms opening up all over the place. We have some inside the mall (where foot traffic is nearly non-existent) and some located in shops uptown (where state government offices are located and where restaurants and coffee shops receive the most traffic). I’ve lived in Jefferson City for 35 years and I have seen this trend before and clearly these entrepreneurs forgot to do their research because many of these gyms have closed shortly after opening. We already have large fitness chains like Planet Fitness, Wilsons Fitness and the YMCA and they seem to maintain their customer base without issue (well, from an outsider’s perspective at least). The success forecast for the two recently established facilities does not look well because supply is greater than demand in this case. Chapter 8 2) What are some advantages and disadvantages of being in the CEO position?
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