Entreprenurship Essay

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PICTURE 1: Business Entrepreneurship (Anon., 2012a) By Student name: Raimund Gregory (Greg) Roberts Student number: 10073531 Module: Entrepreneurship Module code: PBSB 821 Assignment: Individual Assignment due date: 18 August 2012 I, Raimund Gregory Roberts, student number 1007353, herewith declare that this assignment, which I herewith submit to the North-West University as partial completion of the requirements set for the MBA degree, is my own work. CONTENTS LIST OF PHOTOGRAPHS AND PICTURES LIST OF TABLES LIST OF ACRONYMS Page 2 2 2 1. WHO CAN BE AN ENTREPRENEUR? REFERRING TO THE CASES OF IMAGECAFÉ, LAKOTA HILLS AND ROXANNE QUIMBY. 3 2. THE ROXANNE QUIMBY CASE: WHAT ARE THE RISKS, REWARDS AND TRADE-OFFS OF A LIFESTYLE BUSINESS VERSUS A HIGH POTENTIAL BUSINESS? 8 3. AN ANALYSIS AND ASSESSMENT OF THE LAKOTA HILLS 10 OPPORTUNITY. 4. THE ROXANNE QUIMBY CASE: ENTREPRENEURS THINK AND ACT INGENIOUSLY WHEN IT COMES TO RESOURCES. 13 LIST OF REFERENCES 15 LIST OF PHOTOGRAPHS AND PICTURES PICTURE 1: Business Entrepreneurship PICTURE 2: The Timmons Model of the Entrepreneurial Process LIST OF TABLES TABLE 1: TABLE 2: TABLE 3: Analysis of the three entrepreneurs Characteristics or traits of a successful entrepreneur Risk, Reward & Trade-offs: Lifestyle vs. High-potential businesses TABLE 4: TABLE 5: TABLE 6: Growth, size, durability & health of the gross margins Growth, size, durability & health of the net margins Growth, size, durability & health of the free cash flows 10 11 11 4–6 7 8 1 3 LIST OF ACRONYMS BL: Baseline PBSB821 Entrepreneurship Individual assignment by Greg Roberts 10073531 Page 2 1. WHO CAN BE AN ENTREPRENEUR? REFERRING TO THE CASES OF IMAGECAFÉ, LAKOTA HILLS AND ROXANNE QUIMBY. Spinelli and Adams (2012:95) explain the

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