Differences of an entrepreneur and a business person
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Differences of an entrepreneur and a business person
Learning Activity #1
The course readings identified Richard Branson as an entrepreneur. Kevin Plank, owner and founder of Under Armor is considered a businessman. Research the two men and explain the difference between an entrepreneur and a business person.
Discuss the similarities and differences of an entrepreneur and a business person. If you conclude there is no difference between the two, explain the reason.
Learning Activity #2
Eve has always liked to write poetry. She was very good at it even when she was a young child. She always did very well in her English classes, especially in creative writing. Eve decided to use her creative writing skills in the marketplace.
Eve started a business called Everlasting Card Creations. The cards contained a poem written by Eve to the specifications of the customer. Each card had a personalized poem and written for the requested occasion. Eve would sit down with the person who wanted a card produced and have them indicate what types of things they wanted to say to the person to whom the card would be sent. Eve would create a poem that fit the individual and the situation and then use calligraphy to put the poem in the card. The customers would choose the note cards that they wanted to use from a variety of stock, which generally had a sketch or drawing on the front of the card.
Eve gained a lot of business. Each card took considerable time since she had to compose the poem and then write it on the card. Since she wanted to be paid for the time that she put into each card, her cards were much higher-priced than those that customers could purchase in the store. The customers really liked the type of service Eve provided, but the price seemed to be higher than many consumers in her area were willing to pay.
Eve decided that she could offer a new line of computerized cards cutting out the calligraphy. The verse would be typed onto the card. Also, a computer graphics package could be used to develop the front of the cards and even to dress up the inside of the card. She would not have to purchase pre-printed cards. The lower cost of producing the card would mean cheaper prices that would attract more customers.
The problem was that Eve was old fashioned and while she had calligraphy skills her computer skills were not great. Should thought she should bring someone else in as an employee or as a partner?
Eve is really looking at two major decisions. One of them relates to whether she should computerize the production process. The other is whether she wants the form of business ownership to continue as a sole proprietorship or whether she wants the business to follow another form of ownership.
Answer the following questions:
- Should Eve computerize? If so, why if not why not.
- To help Eve in answering her questions about keeping her sole proprietorship ownership status, discuss the various forms of ownership and then select the one you feel best fits Eve’s growth plans. Justify your selection by discussing the advantages and disadvantages of the sole proprietorship vs. the other business forms.
https://courses.lumenlearning.com/wmopen-introbusiness/chapter/why-it-matters-business-ownership/
https://courses.lumenlearning.com/wmopen-introbusiness/chapter/why-it-matters-8/
please use this source for the assignment.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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