Questions from General Entrepreneurship

Q: Define the term legitimacy. Why do new small business owners seek

Define the term legitimacy. Why do new small business owners seek it? List the items that new small business owners can implement to establish legitimacy for their new small business.

Q: Why is financing critical to the success of the new small business

Why is financing critical to the success of the new small business? Summarize the items that a new small business owner must pay in order to initiate a new business.

Q: Discuss why location is one of the most important steps in the

Discuss why location is one of the most important steps in the critical path chart. Why is location critical to the success of the new small business?

Q: Compare and contrast a strip shopping center and an anchor store.

Compare and contrast a strip shopping center and an anchor store.

Q: What is an initial public offering?

What is an initial public offering?

Q: What are the four options that a business owner can choose from

What are the four options that a business owner can choose from to exit the business? Which one provides the simplest exit strategy?

Q: Why is a budget statement not a cash flow statement? How

Why is a budget statement not a cash flow statement? How do they differ?

Q: Why is it important to consider an exit strategy at the formation

Why is it important to consider an exit strategy at the formation of the new business?

Q: What is equity? Discuss the advantages and disadvantages to the business

What is equity? Discuss the advantages and disadvantages to the business owner. Be specific.

Q: When would a business owner want to turnaround the business?

When would a business owner want to turnaround the business?