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    Entrepreneurial Global Business Venture: Regulation and Cost

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    1. What advice would you offer an entrepreneur interested in launching a global business effort?

    2. Explain the statement "For each benefit gained by regulation, there is a cost."

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    Solution Preview

    As an entrepreneur myself, there are three keys to success in a global business effort: financing, financing, and financing. Without those three things, you're dead in the water. It doesn't matter how great your idea is, if you can't get the financing, it won't come to fruition. If doesn't matter how much profit the company will make when up and running, if you can't convince others about its success potential, it won't matter.

    Now, besides the aspect of financing, remember that all entrepreneurial enterprises need private funding sources (that means YOU and your friends). Government programs, ...

    Solution Summary

    I explain through personal experience the most important ingredient necessary for launching a global business venture. Be prepared for sacrifice. Secondly, I explain the important relationship between regulation and cost. Everything has a cost. And it is important to understand the hidden costs of regulation. This solution si 410 words.