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A journey to entrepreneurship: Converting a dream into reality - A case study

Journal of Social and Administrative Sciences

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Title A journey to entrepreneurship: Converting a dream into reality - A case study
 
Creator ALSAATY, Falih M.;

Professor of Management

Bowie State University

Bowie, Maryland


MAKHLOUF, Hany H.; School of Business and Public Administration University of the District of Columbia Washington, D.C. 20008 (301) 530-8551
 
Subject Entrepreneurship; The business plan; The business concept; Venture capital; Profit margin; Return on investment (ROI).
F23; G18; G38.
 
Description Abstract. Owning one’s own business is the realization of the dreams of many ambitious young men and women. However, business ownership has its rewards and challenges. The rewards are often financial and non-financial. It is one of the best means of wealth creation, but it can be a big disappointment and could have disastrous consequences if the entrepreneur chooses the wrong product/service, does not prepare a complete and realistic business plan, or is not adequately prepared to react to unanticipated difficulties and challenges. The subject in this case, Uchechi Tatsa, is contemplating starting an import business, and trying to prepare the necessary plans that would be appealing enough to a venture capital firm to provide needed seed money.  Thus, this case focuses on the planning phase in entrepreneurships, and the ability of a young entrepreneur, with no prior business experience, to create and run a new venture. It is written for potential entrepreneurs and students in Entrepreneurship and introductory business classes.Keywords. Entrepreneurship, The business plan, The business concept, Venture capital, Profit margin, Return on investment (ROI).JEL. F23, G18, G38.
 
Publisher Journal of Social and Administrative Sciences
Journal of Social and Administrative Sciences
 
Contributor —
 
Date 2018-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JSAS/article/view/1558
10.1453/jsas.v5i1.1558
 
Source Journal of Social and Administrative Sciences; Vol 5, No 1 (2018): March; 1-8
Journal of Social and Administrative Sciences; Vol 5, No 1 (2018): March; 1-8
2149-0406
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JSAS/article/view/1558/1620
 
Rights Copyright (c) 2018 Journal of Social and Administrative Sciences
http://creativecommons.org/licenses/by-nc/4.0