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Advantages and disadvantages of expanding a business

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Reference no: EM133148467

Good afternoon,Could you please answer these questions as a few paragraph for each discussion?

  1. Go to bizmove.com/other/quiz/htm and take the interactive entrepreneurial quiz to find out whether you have the qualities to be a successful entrepreneur.
  2. If you have entrepreneurial traits and decide you would like to start your own business, you'll need to develop a business plan. Go to bplans.com/sample_business_plans.cfm and click on Restaurant, Care, and Bakery. Review the sample business plan for Internet Café. Although the plan may not follow the same format as the business plan outline in the chapter, does it contain all the necessary information listed in the outline? If not, what is missing?
  3. What personal characteristics do you think helped Tselikis and Lomac succeed as entrepreneurs?
  4. Why did they seek outside help to improve their business? What sort of help did they receive?
  5. What are some of the advantages and disadvantages of expanding a business by franchising?

Reference no: EM133148467

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