Description
Competency
Assess the characteristics of an entrepreneurial mindset.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario
You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a non-profit, that focuses on helping entrepreneurs start their business with funding and guidance. The non-profit also hosts a business pitch competition to anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must create a memo about how an entrepreneurial mindset can be used to start a business.
Instructions
Create a memo outlining how you plan to use the entrepreneurial mindset for your business. Conduct research on the entrepreneurial mindset and do the following in the memo:
- Describe what aspects of the entrepreneurial mindset can be used in a business.
- Outline how you would use those aspects in your business.
- Provide your recommendation from your research on how the entrepreneurial mindset can be beneficial to your business.
- Provide attribution for credible sources.
Resources
- To research similar companies, the bakery product manufacturing industry, and the restaurant industry, visit the Companies & Industries page within the School of Business Guide
- To explore target markets and demographics for your company and products, visit the Consumers & Demographics page within the School of Business Guide
- Additional databases are located in the Resources tab of this course under the Search E-Resources and Articles link. Consider using the following databases to research the entrepreneurial mindset:
- Business Source Complete via EBSCO
- Business via ProQuest
- Ebooks and Academic Ebooks via EBSCO
- Ebook Central via ProQuest
- See the Memo tab of the Business Writing Guide for guidance on writing memos
- You can submit your draft to the Writing Lab for feedback before you submit your work for a grade. After you have logged into the Student Portal, click on Resources and then on Tutoring.
