Ch. 6 Essay Possibilities
Be prepared to answer any/all of the following questions:
1. Name at least three sources of funding for new businesses. Which is the most important?
2. Over a ten-year period, about how many new businesses will be discontinued? Give at least five reasons why businesses started by entrepreneurs commonly close.
3. Why should all small business owners develop business plans even if they are not required to obtain financing?
4. What percentage of new jobs in the United States are created by small businesses? Name at least four common categories of small businesses.
1. Name at least three sources of funding for new businesses. Which is the most important?
2. Over a ten-year period, about how many new businesses will be discontinued? Give at least five reasons why businesses started by entrepreneurs commonly close.
3. Why should all small business owners develop business plans even if they are not required to obtain financing?
4. What percentage of new jobs in the United States are created by small businesses? Name at least four common categories of small businesses.
