Business Ventures

Answer the following questions using theoretically grounded arguments:

1. Lucas worked in ADP for about 3 years, resigning in 2016. During the time he worked in ADP, he rose to a prominent position, achieving the President’s Club Winner and Regional Sales Executive of the Year in 2014. Briefly describe his working experience in ADP, highlighting the impact (of working in ADP) on his desire to found his own business venture.

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2. Looking at Lucas as a Founder. While enrolled in the Master’s of Science in Entrepreneurship and Innovation (MSEI) in USC, Lucas continues to pursue his passion of founding his business ventures. Analyse the pros and cons of Lucas pursuing this passion, focusing on whether he should pursue part-time founding or full-time founding of his business ventures.

3. Although conventional wisdom suggests that entrepreneurs are passionate about their founding dreams, their decisions are typically influenced by friends, family and other external parties. Identify some of the parties that have influenced Lucas’ entrepreneurial passion. Describe who and how these parties have influenced Lucas’ decision-making in founding his business ventures.

4. What would you recommend to Lucas as he hits a “stress crescendo” in March? Make a list of priorities, i.e. a step-by-step action plan for Lucas to get out of his current dilemma.

For more information on Business Ventures read this: https://en.wikipedia.org/wiki/Business

 

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