Entrepreneurship

THE SNACK FOOD THAT’S PACKING AMERICA

Answer the following questions in one single-spaced page:

1.         Is Biofoam likely to succeed or fail?

2.         Briefly (i3-4 sentences per factor) evaluate the contribution of each of the following factors to the success or failure of Biofoam:

•           the entrepreneur (Who is (are) the entrepreneur(s) in this case? Why?)

•           the venture idea (Is this a good idea? How would you know at this point?)

•           the resources (Does Biofoam need more money or people? How are they handling their resources?)

•           the process (Is this how you would start a business? Are they doing everything in order and in a timely manner?)

•           the environment (Is the competition too strong? Is the economy conducive to starting a business like this?)

3.         Is on-site production a bad idea? Why?