Question

After graduating with a degree in business from eastern university in campus town, usa, michael woods realized that he wanted to remain in campus town. after a number of unsuccessful attempts at getting a job in his discipline, michael decided to go into business for himself. in thinking about his business venture, michael determined that he had four criteria for the new business:

Answer 1

Michael Woods, a recent business graduate, opts for entrepreneurship after struggling to find a job within his discipline. Considering different business structures and market demands, he must evaluate several factors to establish a successful venture. The texts provide narratives of individuals facing similar challenges and making diverse career choices.

Step-by-step explanation:

The scenario presented describes Michael Woods, a recent business graduate from Eastern University in Campus Town, USA, who decides to start his own business venture after facing difficulties in finding a job in his field. Starting a business requires careful consideration of various factors including location, market demand, personal interests, and potential profitability. In evaluating different business structures, such as sole proprietorship, partnership, or corporation, an entrepreneur like Michael must weigh the benefits and risks of each. It is not uncommon for recent graduates to face the challenge of aligning their degrees with the job market, as illustrated by the accounts of Jarrett, Nick Marelli, and others in the provided text. Entrepreneurship offers a means to create one's own career path, though it comes with the need for resilience, adaptability, and willingness to take risks, much like the characters in the scenarios, including Berkeley and the individuals who pursued various career paths despite uncertainties or the non-linear relationship with their academic backgrounds.

Answer 2

first, he wanted to do something he enjoyed.

second, he wanted a business that would give back tot he community.

third, he wanted a business that would grow and be more successful every year.

fourth, realizing that he was going to have to work very hard, Micheal wanted a business that would generate a minimum income of 25,000 annually.