1ST QUESTION. Successfully transitioning a family business from one generation to another is a goal of most owners of family firms.

1ST QUESTION….. 

Successfully transitioning a family business from one generation to another is a goal of most owners of family firms. Discuss the pros and cons of passing a business from one generation to another.

   2ND QUESTION…..

 Create a video that is no more than three minutes in length giving your advice to other entrepreneurs, similar to the Bob Johnson video you watched in Week 2 Discussion 1.

 week 2 was about…..

  Create a video that is no more than three minutes in length giving your advice to other entrepreneurs, similar to the Bob Johnson video you watched in Week 2 Discussion 1.

  It is great that Bob Johnson talked about the importance of having a shared vision with those who invest in the business.  Starting and maintaining a business requires teamwork and dedication from all members.  That is why it is important to select the right members who will be driven and dedicated to achieve shared goals.  An entrepreneur must also believe in the dream and in themselves to start a business.

 I also agree with Bob’s statement, about the importance of having a shared vision with those who invest in the business. Vision is more than an image of the future. It has a compelling aspect that serves to inspire, motivate, and engage people. Vision has been described as “the force which molds meaning for the people of an organization.” It is a force that provides meaning and purpose to the work of an organization. 

  3RD QUESTION…..

  Research a startup from within the last five years. This can be a business with national exposure or a local business from your area. Give a brief overview of what the business offers and why you believe they have been successful.

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