Foundations of entrepreneurship, legal structures for new ventures

Write an evaluation of three types of entrepreneurial opportunities for starting a business venture. Then identify an actual new business or a franchise opportunity (in a new location) that you would consider starting and operating and explain the reasons why. Include the type of legal structure you would use to start your new venture.

This assessment examines the foundations of entrepreneurship, legal structures for new ventures, and types of new ventures to consider. You will evaluate the advantages and disadvantages of:

Starting a new business.
Buying an existing business.
Buying a new franchise.
You will also identify an actual new venture opportunity you would consider starting and operating.

An entrepreneur is defined as a person who creates a new business in the face of risk and uncertainty for the purpose of financial gain and growth by identifying significant opportunities and assembling the necessary resources to capitalize on them (Scarborough & Cornwall, 2019). One of the first considerations for an entrepreneur is deciding what type of business to create for a new venture. There are disadvantages and advantages to the various types of new venture opportunities, and selecting the type that is right for you has considerable implications for the success and outcomes of your new venture. One key area that can help you decide what type of new venture to start is a solid understanding of the legal structures for different types of new ventures.

Overview
Write a 5–6 page paper evaluating the advantages and disadvantages of:

Starting a new business.
Buying an existing business.
Buying a new franchise.
Then identify an actual new business or a franchise opportunity (in a new location) you would consider starting and operating, explain the reasons why, and specify which legal structure you will use to structure your new venture.

Instructions
Use the Evaluate New Business or Franchise to Consider Template [DOCX] for this assessment.
Using the template, address ALL of the following issues:

Provide at least three (3) benefits and three (3) risks associated with each option.
Evaluate which model suits your personal preference and explain why. (Note: While you may be interested to buying an existing business, for the purposes of this course and the subsequent assessment related to this new venture, you must focus exclusively on a new business or new franchise in a new location.)
Identify an actual new business or new franchise opportunity you would consider starting and what kind of product(s) and/or service(s) you would like to sell. Explain the reasons why you focused on this specific market area and venture type. Please only consider a new for-profit business (or franchise) for purposes of this course. There are upcoming assessments that require feasibility, competitive, financial, and profitability analyses related specifically to a new for-profit business or franchise.
Specify which legal structure you will use to structure the new venture and explain the reasons why.
Note: Assume this is an actual new venture you will plan for, setup, launch, and operate. To make this assessment meaningful, interesting, and relevant to you, select something you are really interested in and/or are passionate about. Treat it as a real endeavor, something you are responsible for making happen.

The specific new venture you identify and select (new business or new franchise) will be used as the basis for the remaining course assessments you will complete going forward.

Immigration policy reform is an essential element of modern society.

 

You must post two answers to your peers peers of 200 words by Saturday 23:59 pm

Janelly Perez
Immigration policy reform is an essential element of modern society. It can have far-reaching implications on the social, ethical, and economic aspects of a nation. A nation’s immigration policies can affect many different elements of its economy, from the labor market to taxation systems. Immigration reforms also have profound moral, political, and cultural implications as it directly affects people’s lives and livelihoods.
Economically speaking, there are several social, ethical and economic reasons for addressing immigration policy reform. For one thing, increased migration can lead to improved economic opportunities for immigrants; it allows them to bring new skills and knowledge into their new environment which may help increase productivity in their chosen industry or sector. It also helps create jobs by providing employment opportunities to those who would otherwise be unable to find work in their home countries due to a lack of education or employment options. This is particularly true in developed countries where there are fewer job opportunities available for lower-skilled workers. Additionally, increasing immigration levels can help reduce trade deficits as foreign goods become more readily available at lower prices; this ultimately contributes to higher GDP growth rates within a country and overall prosperity for all citizens.
On the other hand, immigration policies can also have negative impacts on certain segments of society—especially if they are not properly regulated. Unregulated or poorly managed immigration can lead to wage cannibalization (when immigrants work in low-paying jobs that would otherwise be filled by native-born individuals) as well as lessening job security among current employees due to competition from abroad (as was seen during the Great Recession). Poorly regulated immigration can also lead to an influx of illegal immigrants which puts extra strain on public resources such as healthcare and education while not contributing positively towards taxes or government revenues in any way. Furthermore, if proper checks are not done on those entering a country illegally then there is always the risk of criminal elements infiltrating a nation which could potentially disrupt its peace and safety for all citizens.
Lastly, when looking at the social implications of immigration policy reform it is important to consider how it could affect existing communities within a country—particularly minority communities who may feel threatened by an influx of foreigners into their neighborhoods or displacement due to gentrification caused by high property prices resulting from increased demand due housing shortages caused by overpopulation. In addition we must consider cultural differences between indigenous populations and newcomers that might create tension between communities if legislation does not address these issues appropriately from the outset—such as ensuring language classes are available for migrants so that integration into local culture is easier achieved without difficulty in communication among different groups being an issue between them.
To summarize, while there are clear economic benefits associated with reforming national immigration policies such as increased labor potentials which can contribute positively towards GDP growth rates—there are also potential risks including wage cannibalization among native born workers or criminal elements entering illegally—that must be carefully considered before making any changes so that all affected parties benefit equitably without sacrificing social stability in entire regions or nations due to inadequate regulation or enforcement measures taken against those coming in illegally or living outside legal parameters established by the host country’s laws and regulations.

Noelvis Santana Estevez
Changing immigration laws can be justified based on various social, moral, and economic factors. Immigration policies play a crucial role in shaping societies, determining the treatment of migrants, and influencing economic dynamics. Here are some justifications for changing immigration laws:
1. Social Justifications: a. Cultural Diversity: Allowing immigration can enrich societies by bringing in diverse cultures, traditions, and perspectives. Embracing cultural diversity fosters social cohesion, encourages tolerance, and promotes a multicultural society. b. Humanitarian Obligation: Providing a safe haven for individuals fleeing persecution, war, or natural disasters aligns with principles of compassion and human rights. Changing immigration laws to accommodate refugees and asylum seekers demonstrates a commitment to upholding international humanitarian obligations. c. Family Reunification: Facilitating family reunification through immigration policies acknowledges the importance of strong familial bonds and promotes social stability and well-being.
2. Moral Justifications: a. Justice and Equality: Restrictive immigration laws can perpetuate inequalities by limiting opportunities and mobility for individuals from disadvantaged backgrounds. Reforms can aim to create a fairer system that treats all individuals with dignity and equal rights. b. Ethical Labor Practices: Addressing labor shortages and ensuring fair treatment of immigrant workers can be a moral imperative. By providing legal pathways for migrant workers, countries can combat exploitation, protect labor rights, and promote fair wages and working conditions. c. Respecting Human Potential: Changing immigration laws acknowledges and values the contributions that immigrants can make to society. By providing opportunities for individuals to fulfill their potential, societies can benefit from the skills, talents, and innovation brought by immigrants.
3. Economic Justifications: a. Economic Growth and Innovation: Immigrants often contribute to economic growth through entrepreneurship, job creation, and innovation. Adapting immigration policies to attract skilled migrants can enhance a country’s competitiveness and foster economic development. b. Addressing Demographic Challenges: Many countries are facing aging populations and declining birth rates. Immigration can help address labor shortages, sustain economic productivity, and support social welfare systems by bringing in a younger workforce. c. Fostering Entrepreneurship and Startups: Immigrants have been shown to be more likely to start businesses and contribute to entrepreneurial ecosystems. Changing immigration laws to facilitate the entry of entrepreneurs and investors can stimulate economic activity and create job opportunities.
In conclusion, there are social, ethical, and economic justifications for modifying immigration regulations. Countries may build more inclusive, equitable, and wealthy communities by taking into account the social advantages of cultural variety, upholding moral commitments, and using the economic potential of immigrants. Striking a balance between worries about national security and the appreciation of the contributions that immigrants may bring to a country’s social fabric and economic vibrancy is crucial.

 

“Corporate entrepreneurship” is an oxymoron

Discuss whether the term “corporate entrepreneurship” is an oxymoron. Can corporations—especially large ones—be innovative? Support your answer with examples.
Use the Internet to find an example of two corporate innovations—One brought about through autonomous strategic behavior and one developed through induced strategic behavior. Which innovation seems to hold the most promise for commercial success, and why?

Hosts of a reality TV show where entrepreneurs request funding for projects

You are going to make a pitch to the hosts of a reality TV show where entrepreneurs request funding for projects or products
that are designed to improve communities.
Your pitch must combine a compelling reason why your initiative should be supported, with evidence that justifies the need for
action. You will research and collect secondary data, use the data to create graphical and algebraic models, make predictions
based on your algebraic model, and create a visual presentation using the media/platform of your choice. Some example
options are PowerPoint, WordPress, Prezi, Weebly, iMovie, Show Me, Blogger, Tumblr, YouTube, etc

 

 

Social entrepreneurs

 

 

 

 

 

Social entrepreneurs are found in the both the private and public sector, and focus on innovation and risk taking while combating social problems, both on the small and large scale. Identify a social entrepreneur in an area that interests you and write a 2 page APA format document of this person and their business. Your summary should answer the following questions:

What business did they start and what led them to choose this business?
Who is the target market that this business is pursuing?
Do you predict that this business will still be in existence in 5, 10, or 20 years? Why or why not?
What recommendations (be specific) would you offer them to help with the growth of their business?

 

Interviewing a famous entrepreneur

 

 

 

 

 

 

 

Identify a famous entrepreneur and locate 2 published interviews about them. These interviews must be from reputable news sources (Business Week, Money, The New York Times, etc.). Along with a link to these interviews, provide a summary and identify 3-5 characteristics that this entrepreneur possesses that are outlined in chapter 2. Some questions to consider:

How have these characteristics helped this person succeed?
What characteristics covered in the reading are notably missing? Why do you think that this has not hindered this person’s success?

 

 

Theories of the Trait Approach and the Skills Approach to Leadership

 

Discuss the theories of the Trait Approach and the Skills Approach to Leadership. Please be sure to discuss Sturgill’s survey and the 10 traits associated with leadership and how they each might play a role in public safety leadership. Please be sure to incorporate Biblical concepts/passages into your response.

Cloud Services Capacity Planning

 

1. Better Fitness, Inc. (BFI), manufactures exercise equipment at its plant in Freeport, Long
Island. It recently designed two universal weight machines for the home exercise market.
Both machines use BFI-patented technology that provides the user with an extremely wide
range of motion capability for each type of exercise performed. Until now, such capabilities
have been available only on expensive weight machines used primarily by physical therapists.
At a recent trade show, demonstrations of the machines resulted in significant dealer interest.
In fact, the number of orders that BFI received at the trade show far exceeded its manufacturing capabilities for the current production period. As a result, management decided to
begin production of the two machines. The two machines, which BFI named the BodyPlus
100 and the BodyPlus 200, require different amounts of resources to produce.
The BodyPlus 100 consists of a frame unit, a press station, and a pec-dec station. Each
frame produced uses 4 hours of machining and welding time and 2 hours of painting and
finishing time. Each press station requires 2 hours of machining and welding time and 1 hour
of painting and finishing time, and each pec-dec station uses 2 hours of machining and welding
time and 2 hours of painting and finishing time. In addition, 2 hours are spent assembling,
testing, and packaging each BodyPlus 100. The raw material costs are $450 for each frame,
$300 for each press station, and $250 for each pec-dec station; packaging costs are estimated
to be $50 per unit.
The BodyPlus 200 consists of a frame unit, a press station, a pec-dec station, and a leg-press
station. Each frame produced uses 5 hours of machining and welding time and 4 hours of
painting and finishing time. Each press station requires 3 hours of machining and welding time
and 2 hours of painting and finishing time, each pec-dec station uses 2 hours of machining and
welding time and 2 hours of painting and finishing time, and each leg-press station requires 2
hours of machining and welding time and 2 hours of painting and finishing time. In addition,
2 hours are spent assembling, testing, and packaging each BodyPlus 200. The raw material
1
costs are $650 for each frame, $400 for each press station, $250 for each pec-dec station, and
$200 for each leg-press station; packaging costs are estimated to be $75 per unit.
For the next production period, management estimates that 600 hours of machining and
welding time, 450 hours of painting and finishing time, and 140 hours of assembly, testing,
and packaging time will be available. Current labor costs are $20 per hour for machining and
welding time, $15 per hour for painting and finishing time, and $12 per hour for assembly,
testing, and packaging time. The market in which the two machines must compete suggests
a retail price of $2400 for the BodyPlus 100 and $3500 for the BodyPlus 200, although some
flexibility may be available to BFI because of the unique capabilities of the new machines.
Authorized BFI dealers can purchase machines for 70% of the suggested retail price.
BFI’s president believes that the unique capabilities of the BodyPlus 200 can help position
BFI as one of the leaders in high-end exercise equipment. Consequently, he has stated that the
number of units of the BodyPlus 200 produced must be at least 25% of the total production.
Managerial Report
(a) What is the recommended number of BodyPlus 100 and BodyPlus 200 machines to
produce?
(b) How does the requirement that the number of units of the BodyPlus 200 produced be
at least 25% of the total production affect profits?
(c) Where should efforts be expended in order to increase profits?

2. Cloud Services Capacity Planning. Galaxy Cloud Services operates several data centers
across the United States containing servers that store and process the data on the Internet.
Suppose that Galaxy Cloud Services currently has five outdated data centers: one each in
Michigan, Ohio, and California and two in New York. Management is considering increasing
the capacity of these data centers to keep up with increasing demand. Each data center
contains servers that are dedicated to Secure data and to Super Secure data. The cost to
update each data center and the resulting increase in server capacity for each type of server
are as follows:
Data center Cost($millions) Secure Servers Super Secure Servers
Michigan 2.5 50 30
New York 1 3.5 80 40
New York 2 3.5 40 80
Ohio 4 90 60
California 2 20 30
The projected needs are for a total increase in capacity of 90 Secure servers and 90 Super
Secure servers. Management wants to determine which data centers to update to meet projected needs and, at the same time, minimize the total cost of the added capacity.
In particular you have been asked to
(a) Formulate a binary integer programming model that could be used to determine the
optimal solution to the capacity increase question facing management.
(b) Solve the model formulated in part (a) to provide a recommendation for management.