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.