Global Entrepreneurship: Global Business Efforts
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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 Summary
This solution provides advice fro an entrepreneur who's interested in launching a global business effort. The expert also explains the statement "for each benefit gained by regulation, there is a cost."
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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, ...
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