Explain small business management and entrepreneurship

Reference no: EM13715519

Find the correct answer of the following problems

Problems 1- What do entrepreneurs do that distinguishes them from other persons involved in business?

Problems 2- If a friend told you that entrepreneurs are high risk takers, how would you set the story straight?

Problems 3- How are small business management different from entrepreneurship?

Problems 4- Explain why people who own a small business may not enjoy pure independence.

Problems 5- Sole proprietorships account for 76% of all US businesses and generate 6% of all business revenue. Only 18% of all sole proprietorships are incorporated, but they generate 90% of all revenue. What do these statistics tell you about the 2 forms of ownership?

Problems 6- When would forming a limited liability company be more advantageous than creating a C corporation or a partnership?

I need assistance to describe how are small business management different from entrepreneurship.

Reference no: EM13715519

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