Benefits of developing and writing effective business plan

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1. Why do so many small businesses fail before they reach their tenth year?

2. What are the benefits of developing and writing an effective business plan?

3. Describe how local governments and business incubators help small firms get established and grow.

4. Why are so many small-business owners attracted to franchising? Under what circumstances might it be better to start an entirely new business instead of purchasing a franchise?

5. In a proprietorship and in partnerships the owners and the managers of the business are the same people. How are own- ership and management separated in corporations?

Reference no: EM131282826

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