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Problem
I. Given the difficulties of accurately predicting the future, is a business plan useful?
II. If the business plan is to be used to raise capital, why would be small business want to advertise the company's major risks by detailing them in the business plan?
III. Where can you go to get free information on Canadian small business taxes?
IV. Explain why the year-end date is significant in tax planning?
V. What is social responsibility? why is it important to small firms?
VI. Given the challenges experienced by businesses during the COVID-pandemics, what characteristics of a small business do you consider to be most important? why?
VII. What are the most common reasons for small business failure?
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