Questions from General Entrepreneurship

Q: Discuss the legal ramifications of starting your own business. Where should

Discuss the legal ramifications of starting your own business. Where should the new entrepreneur go to get information and advice regarding laws that govern the type of business that is being promoted...

Q: After startup, what is the single most important tool the small

After startup, what is the single most important tool the small business owner has at his or her disposal for ensuring the success of the business? Why is it so crucial?

Q: Sole proprietorships make up 76 percent of all U.S.

Sole proprietorships make up 76 percent of all U.S. businesses and generate 6 percent of all business revenue. Only 18 percent of all sole proprietorships are incorporated, but they generate 90 percen...

Q: Under what conditions would you consider joining a partnership? Why would

Under what conditions would you consider joining a partnership? Why would you avoid becoming a partner?

Q: The chapter discussed the evolution of small business in the American economy

The chapter discussed the evolution of small business in the American economy. On the heels of the rapid growth in the popularity of Internet businesses in the late 1990s and the ensuing bust in 2000,...

Q: When would forming a limited-liability company be more advantageous than

When would forming a limited-liability company be more advantageous than creating a C corporation or a partnership?

Q: What factors should be considered when purchasing for a small business?

What factors should be considered when purchasing for a small business?

Q: Many small businesses are built around one product. What risks does

Many small businesses are built around one product. What risks does this approach impose? How can small business owners minimize those risks? How can a small business develop new products?

Q: Purchasing products or materials is obviously an important part of running a

Purchasing products or materials is obviously an important part of running a small business. What are the pros and cons of developing a relationship with a single vendor from whom to purchase most of...

Q: Explain how the Pareto rule is important to a small business owner

Explain how the Pareto rule is important to a small business owner.