Homework: Analyze a New Business
Instructions
Find the "You Be the Consultant" exercise in Chapter 4; "When to Call It Quits on a New Business".
o Read the exercise carefully after having read the required resources for units 1 and 2, and apply what you have learned in answering the three questions using no less than 600 words.
o Your answers should be submitted in a Microsoft Word doc or docx.
o Ensure that you answer the questions thoroughly and completely, providing solid support for your rationale (a minimum of 200 words minimum for each question).
You be the consultant - When to Call It Quits on a New Business
o Why was it hard for Jake to admit his newest venture was not going to work?
o What would you recommend that entrepreneurs do to ensure that they don't hang on too long to a failed business concept?
o A failed business concept does not mean the entrepreneur has failed. How would you explain this to an entrepreneur facing a failed business concept?
Textbook: Scarborough, N. M. (2019). Essentials of entrepreneurship and small business management (9th ed.). Upper Saddle River, NJ: Pearson. ISBN 13: 9780136879664.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o 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.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.