Question 1:

Before starting a small business, individuals need to ensure that they have certain essential characteristics. Discuss the personal characteristics that are required from entrepreneurs to ensure their success.

Question 2:

Discuss the following statement:

"Finance is the only and most important issue confronting an individual willing to start a small business"

Question 3:

Entrepreneurs, in starting and managing their venture, have to take multiple risks and are likely to experience stress. Discuss the various types of risks and sources of stress confronting the entrepreneur, and, suggest ways to deal with stress.

Question 4:

A business plan is a key resource for a start-up.

a) What benefits can be derived from a business plan?

b) Describe the major components of a business plan.