Questions from General Entrepreneurship


Q: Why is it important for an entrepreneur to hire an attorney or

Why is it important for an entrepreneur to hire an attorney or other professional prior to the establishment of the new business?

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Q: What can entrepreneurs purchase to minimize the amount of risk in the

What can entrepreneurs purchase to minimize the amount of risk in the new business? What are the disadvantages to the new small business owner if they fail to obtain it?

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Q: Discuss why entrepreneurs need to have legal contracts when they conduct business

Discuss why entrepreneurs need to have legal contracts when they conduct business. What are the important elements of a contract? What are the disadvantages if the entrepreneur fails to negotiate a le...

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Q: Discuss the similarities and differences of an S Corporation and a C

Discuss the similarities and differences of an S Corporation and a C Corporation. Do some online research and list at least two existing businesses that are an S Corporation and a C Corporation. What...

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Q: Explain the similarities and differences between fixed costs and variable costs.

Explain the similarities and differences between fixed costs and variable costs. Provide specific examples of each and explain how they relate to the break-even analysis calculations.

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Q: What is a Board of Directors or Board of Advisors and why

What is a Board of Directors or Board of Advisors and why do entrepreneurs form them? What do they do for the small business?

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Q: Explain the features and benefits of a patent. How long do

Explain the features and benefits of a patent. How long do they last? Where are patents filed and what agency accepts or declines them? Do patents provide organizations with a sustainable competitive...

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Q: Summarize some of the human resource management issues that can occur within

Summarize some of the human resource management issues that can occur within a family owned business. Discuss some of the specific obstacles that occur in family owned businesses. What can the busines...

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Q: Discuss how performance reviews can help an employee to improve job performance

Discuss how performance reviews can help an employee to improve job performance. Be specific.

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Q: What is Entrepreneurial Breakeven?

What is Entrepreneurial Breakeven?

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