a. What kinds of products or services will you offer?
b. What talents or skills do you need to run the business?
c. Do you have all the skills and resources to start the business, or will you need to find one or more partners? If so, what skills would your partners need to have?
d. What form of business ownership would you choose – sole proprietorship, partnership, C corporation, S corporation or LLC? If you chose to own a franchise, which one would you chose? What are some ways that you can stay successful?
Read the article from The New York Times ( click on the link below). Answer the following:
– Why hasn’t there been recovery for small business after the 2008 recession? Or has there been and the article doesn’t reflect that change?
– In your opinion, what is behind the decline in entrepreneurship? What are some ways to reverse the decline?
– Explain the term “market power.”
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