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Question 1:
Before beginning new ventures entrepreneurs need to acquire essential information.
Discuss (a) the major information collection methods, and, (b) crucial information required to ensure success of new ventures.
Question 2:
a) Discuss the essential qualities of robust opportunities.
b) Discuss some of the criteria that could be used for evaluating business opportunities.
Question 3:
a) Starting and running a new business involves risks. Describe the different types of risks an entrepreneur may possibly confront?
b) In starting and managing a new venture, an entrepreneur is likely to experience stress. Discuss the potential sources of stress and suggest means the entrepreneur could use to deal with them.
Question 4:
Before starting a business, it is important to choose an appropriate legal form. Discuss the main types of business ownership structures that are available to new entrepreneurs.
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