Identify three rewards and three drawbacks of entrepreneurial careers.
Discuss several factors that indicate a readiness for entrepreneurship.
Discuss the factors that make the family business unique.
Identify management practices that enable a family business to function effectively.
Define and list the major advantages and limitation of franchising.
List and explain the different types and sources of startup ideas.
Summarize four basic approaches for determining a fair value for a business.
Define competitive advantage.
Define market segmentation and related strategies.
What is a business plan? Explain the need for a business plan from perspectives of both the entrepreneur and the investor. (Include the features of a business plan in your discussion)