Question 1:
Imagine that you are considering starting a company and have decided that you need a partner. Propose how you would find that ideal person. Determine the pros and cons of the method you choose.
Question 2:
Suppose you have chosen a partner for your new business. Six months later, he or she is not working out. Determine the possible repercussions of trying to discard that partner now. Propose actions that you could have taken prior to the formation of the partnership that would have limited the downside of ending your business relationship with your partner.
Question 3:
Analyze the five stages of the entrepreneurial process. Determine which stage you believe to be the most important when forming a company based on an innovative concept or product. Support your position.
Question 4:
Determine whether or not the stages of the entrepreneurial process have to occur in order. Support your position.