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Discuss the role of small enterprises in an economy

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1. The process of starting a new venture is embodied in the entrepreneurial process,  which involves more than just problem solving in a typical management position. So what are the steps an entrepreneur follows to start a new business. Please discuss the  phases in detail.

2. Discuss the role of small enterprises in an economy.

3. Discuss the factors that have contribution for the successes of small business.

4. As we know an entrepreneur should not always start business from the scratch. They have many opportunities of having a venture. They can own new business venture through various options. Please discuss the options for having a business with their merits and demerits of each option.

5. Entrepreneurs can also start their business from a scratch. For this they must have a new idea that is to be converted into fruition. Although there could be a lot of opportunities that allows potential entrepreneurs to come up with new idea, please discuss some of the most frequently used sources of idea.

6. What are the advantages of writing a business plan?

7. List the elements of business plan.

8. Discuss the characteristics, advantages and disadvantages of sole proprietorship, partnership and corporation.

9. Differentiate between equity financing and debt financing.

10. Identify the advantages and disadvantages of equity finance and debt finance.

11. search for small business in your area and identify what kind of in problem they face internally. Write the problems in detail.

Reference no: EM132645234

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