ENT300: How to seek help and find key partners

ENT300: How to seek help and find key partners

By KAMARULZAMAN ISHAK

Learning Outcomes

By the end of this session, you would be able to:

• Apply the knowledge of seking help and find key partners to manage your business better

• Understand the basics of communicating your needs and finding the right solutions to your business problems

• Understand the importance of networking​

Multiple Choice

Entrepreneurs usually have enough time to do everything.

• True

• False

Multiple Choice

People outside our company can help us do our key activities.

• True

• False

Multiple Choice

People outside our company that can help in performing key activities are also known as our ____ ________.

• key competitors

• key partners

• key customers

• key holders

Multiple Choice

________ _____ is a great reason to forge a key partnership.

• Increasing costs

• Lowering costs

• Expanding costs

• Improving costs

Open Ended

Economies of scale means _______

Multiple Choice

It is always a good idea to use strategies to minimise risk when doing business.

• True

• False

Multiple Choice

Considering a strategic partnership for key activities we are unsure about is always a good idea.

• True

• False

Multiple Choice

Creating a product is not risky at all.

• True

• False

Multiple Choice

Partnering with someone experienced in product launching is an example of strategic partnership.

• True

• False

Multiple Choice

Entrepreneurs form key partnerships to get something they need as follows EXCEPT:

• knowledge

• licenses

• certain customers

• love and affection

Multiple Choice

The point of having key partnerships is: ________

• we don't have to go at it alone

• we can do it alone

• we have to do it alone

• we don't need another hero

Multiple Choice

If we want to make a product, _______ may help.

• operators

• families

• suppliers

• organisers

Multiple Choice

Supplemental products mean all of the following EXCEPT: _______

• boxes for shipping

• silverware for restaurant

• personality

• labels for boxes

Multiple Choice

Ideally, entrepreneurs prefer ____ cost and ____ quality materials and someone who can cut them some deals.

• low / low

• high / low

• low / high

• zero / low

Multiple Choice

A __________ can help us handle the process of getting our product into the world.

• manufacturer

• producer

• distributor

• family

Multiple Choice

Entrepreneurs can hire someone full time if they fulfill this criteria:

• have budget and enough work to keep them busy

• no budget but enough work to keep them busy

• enough work to keep them working for free

• have budget but not enough work to keep them busy

Multiple Choice

As a business owner who is just starting out, it makes more sense to _______.

• hire a local, trustworthy consultant

• hire an international, famous consultant

• hire local celebrities to be our product ambassadors

• hire full time workers and pay them exorbitant salaries

Multiple Choice

It is also essential for entrepreneurs to hire _______ for legal purposes.

• lawyers

• consultants

• judges

• commissioner

Multiple Choice

Legal services can help the entrepreneur to do the following EXCEPT:

• draft contracts

• prepare policies

• apply for patents

• commit a felony

Open Ended

What are the 3 questions we need to ask to pick key partners?