busdiswk5

 1)Getting the Cash" Please respond to the following:
 

• Small-business  ideas prove themselves when customers start buying. Dispute or defend  the concept that a small business starts with a business plan. Take a  position on whether the customers come first or the business plan comes  first. Support your answer.
• From the case study, give your  opinion on whether or not Herrera operated from a formal business plan.  Predict what would have happened if Herrera had written out his plan and  presented it to venture capitalists.

 2)Concepts and Summaries" Please respond to the following:
 

• From  the first e-Activity, evaluate the business’ current business strategy;  propose a change in direction that would improve its prospects. Support  your answer.
• From the second e-Activity, Mr. Gupta said, "A  startup is a journey."  He also said, "Try to do as much as you can with  your own money and on your own time before you ask for investment. As  soon as you raise capital, the stakes go up, your clock is ticking."   Interpret the meaning of those statements. Take a position on whether  you agree or disagree with those statements. Support your position.