Question 1:

Timmons and Spinelli (2007) argue that a core, fundamental entrepreneurial process accounts for the substantially greater success pattern among higher potential ventures. Discuss their model of the Entrepreneurial Process.

Question 2:

Many entrepreneurs who found new ventures often fail to acquire essential information before beginning. Discuss (a) main information collection methods, and, (b) crucial information required to ensure success of new ventures.

Question 3:

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.

Question 4:

Continuously assessing how well the business is doing is vital for growth. Discuss.