example! By so doing, we shall have created many jobs and increased revenue inflow in that sector , among many other benefits!" Questions a) Starting a business has several challenges that prospective owners must grapple with . Identify five such challenges. (5 marks) b) What advantages do existing businesses have over new start-ups to prospective investors? (5 marks) c) Describe the pitfalls Western Kenya Counties Investor Sensitisation Meeting must avoid in their chosen strategy . (5 marks) d) List five major sources of funds open to Western Kenya Counties Investor Sensitisation Meeting. (5 marks) e) Describe the environment in which businesses operate in Western Kenya. (5 marks)

Question

example! By so doing, we shall have created many jobs and increased revenue inflow in that sector , among many other benefits!" Questions a) Starting a business has several challenges that prospective owners must grapple with . Identify five such challenges. (5 marks) b) What advantages do existing businesses have over new start-ups to prospective investors? (5 marks) c) Describe the pitfalls Western Kenya Counties Investor Sensitisation Meeting must avoid in their chosen strategy . (5 marks) d) List five major sources of funds open to Western Kenya Counties Investor Sensitisation Meeting. (5 marks) e) Describe the environment in which businesses operate in Western Kenya. (5 marks)

Answer 1

a) Five challenges that prospective business owners must grapple with include:1. Lack of capital or funding2. Competition from established businesses3. Regulatory compliance and legal issues4. Marketing and customer acquisition5. Managing and retaining skilled employeesb) Existing businesses have several advantages over new start-ups for prospective investors, including:1. Established customer base and brand recognition2. Proven business model and revenue streams3. Existing supplier and distribution networks4. Access to existing intellectual property and patents5. Established management and operational systemsc) The Western Kenya Counties Investor Sensitisation Meeting must avoid the following pitfalls in their chosen strategy:1. Over-reliance on government support and subsidies2. Failure to conduct thorough market research and analysis3. Inadequate planning and budgeting4. Lack of focus on sustainability and environmental considerations5. Failure to engage with local communities and stakeholdersd) Five major sources of funds open to the Western Kenya Counties Investor Sensitisation Meeting include:1. Government grants and incentives2. Private equity and venture capital3. Crowdfunding and angel investors4. Bank loans and lines of credit5. Corporate partnerships and joint venturese) The business environment in Western Kenya is characterized by:1. A growing population and increasing consumer demand2. Abundant natural resources and agricultural potential3. A relatively stable political and economic environment4. A diverse range of industries and sectors5. Challenges such as infrastructure limitations, regulatory hurdles, and access to financing

Question

Solution

Resposta