Canadian Entrepreneurship And Small Business Management 12ce Instructor Solution Manual

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ANSWERS TO SMALL BUSINESS IN ACTION & SMALL BUSINESS BEGINNINGS QUESTIONS SMALL BUSINESS IN ACTION 1-1: CROWDFUNDING HELPS BROTHERS BUILD A BETTER WATER BOTTLE 1. Do you think the Pressa Bottle w... ill continue to be a successful product? Why or why not? Answer: Student Choice 2. What do you think are some of the advantages and disadvantages of crowdfunding? Answer: Student Choice – however students should mention from the entrepreneur’s perspective that it allows them to test market product ideas, provides additional sources of capital and can assist in pre-selling products. From a disadvantage side, entrepreneurs have additional work to communicate with many people, it is fairly unregulated and some entrepreneurs and/or investors could act unethically. 3. Visit the Kickstarter website and report back to the class on some of the best ideas that are being pitched. What are the terms associated with the ideas? Would you personally donate or invest money using crowdfunding? Answer: Answer will vary on student work. SMALL BUSINESS IN ACTION 1-2: YOUNG CANADIAN SOCIAL ENTREPRENEURS 1.Kasandy has found a way to support artisans across the world and make a profit in her own neighbourhood. Can you think of a business idea to do the same? Answer: Student Choice: answers will vary 2.Name one entrepreneur who started small and made it big. How did they do it? How are they giving back to the community? Trace the small steps and turning points that led them to greater success. Answer: Student Choice: answers will vary [Show More]

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