The Rewards, Risks And Trade Offs Of A Lifestyle Business

Innovation and Entrepreneurship Name of the Student Name of the University Table of Contents Question 1 3 Question 2 3 Question 3 3 Question 4 4 Question 5 4 Question 6 4 Question 7 5 Question 8 5 Question 9 5 References 6 Question 1 The rewards, risks and trade-offs of a lifestyle business are in it the company was founded and operated by the founders having a aim of sustaining it with dedicated level of income and not more than that or to provide a foundation for enjoying a particular lifestyle (Ebert et al. 2014). Whereas the risks, rewards and trade-offs in a high potential business are solely dependent on the potential of the founders with the aim of growing the company as much as they can to get high-level income. Question 2 The difference between an idea and opportunity are the occurrence of situations generates an idea, and an opportunity is to bring an idea into execution. Here an idea is contented by the way Barry made an idea of ‘limiting the service to people in some club and an opportunity for making his plan implement on his friends and seeking their permissions in assessing the opportunity. Later Barry went opportunities after opportunities by deploying his idea and executing them. The difference between idea and opportunity is for Barry Moignard. Question 3 The company has succeeded so far because of Barry’s great ideas which came along with every situation he faced as a problem and converted them into opportunities. The execution of hisShow MoreRelatedMy Forex Trading Routine : Ten Secrets Of Successful Traders783 Words   |  4 Pagesstrategic approach. Leave emotions out of it, it is serious business. Prepare a trading strategy that fits into your goals and objectives and stick to it. It will be your North Star in currency trading. Your trading business is not a hobby or a casino Forex trading is serious business. 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