In a 1-2 page short paper, please address the following questions after watching the video and reading the assigned chapters. Upload your APA paper into this assignment.
Create some ideas for new offerings from Broad Reach Sailing. Decide if it makes sense to take on new partners and what the pros and cons might be in making this decision. Do you have what it takes to be a successful entrepreneur? Do you think successful entrepreneurs are born with these traits or if these traits be learned?
Entrepreneurship, Starting a Small Business
Activity Summary: This video case features Broad Reach Sailing, a company Tom Williamson and Jim Miranda have grown from a one sailboat charter operation to a small fleet, a sailing school, and a fractional sailboat ownership program.
Discuss the importance of small business to the American economy and summarize the major causes of small-business failure.
Analyze what it takes to start and run a small business (Nickles, McHugh, & McHugh, 2019)
Nickels, W., McHugh, J. & McHugh, S. (2019). Understanding business (12th ed.). New York, NY: McGraw-Hill Education.