New_Venture_Planning_Discussions **michael smith**
RonRob44
envp_discssions.docxNew Venture Planning Discussions:
Learning Activity/Discussion #1: “Contract Dynamics”
As per Module 7, Section 3, discuss the three main types of government and private sector contracts: time and materials, fixed price, and cost reimbursable, when they are applicable, and what are the advantages/disadvantages for each. As per your Business Plan, consider whether there is potential for obtaining such contracts, either on a primary or sub-contractual basis, and incorporate such information into your proposal.
Learning Activity #2
As per Module 6, Section 3, please refer to the following NY Times article, "Selling a Business Involves More Than Money" (July 15,2016) and comment as to sale/succession and exit strategy dynamics. You may provide personal experience as examples, as well.
http://www.nytimes.com/2016/07/16/your-money/selling-a-business-involves-more-than-money.html?_r=0
Learning Activity/Discussion #3: "Entrepreneurs Find Ways to Give Back"
Community involvement and social responsibility, resulting in a positive reputation and "goodwill" as discussed in the beginning of the curriculum, are often critical to the success and long-term sustainability of a business enterprise.
The following article, "Despite Obstacles, Entrepreneurs Find Ways to Give Back", appeared in the September 15, 2010 "The New York Times". The link is:
http://www.nytimes.com/2010/09/16/business/smallbusiness/16sbiz.html?emc=eta1&page
