1. Identify and discuss in detail the forces that are driving the growth in entrepreneurship,
the role of diversity in small business and entrepreneurship, the contributions small
businesses make to the U.S. economy, and the benefits and potential drawbacks of
owning a small business.
2. Explain in detail the advantages an entrepreneur who buys a business gains over one
who starts a business from scratch? How would you go about determining the value of
the assets of a business if you were unfamiliar with them? Why do so many entrepreneurs
run into trouble when they buy an existing business? Outline and discuss the steps
involved in the right way to buy a business. Support your post with evidence from the
class text, material from an outside source or personal experience. Your response should
be a few paragraphs. Post a separate response to at least two classmates. They should be
constructive in nature.
3. Discuss and explain in detail why and how you create a financial plan including ratio
and break-even analyses. Discuss accounts receivables, accounts payables, and
inventories and include the steps in creating a cash budget, introduce how to plan for
capital needs e g, equity capital versus debt capital, SBA, federal, state and local
programs. Support your post with evidence from the class text, material from an outside
source or personal experience. Your response should be a few paragraphs. Post a separate
response to at least two classmates. They should be constructive in nature.
4. Explain in detail why is cash management important? Discuss in detail how cash and
profits are different and identify methods for preparing a cash budget and avoiding a
crunch. Support your post with evidence from the class text, material from an outside
source or personal experience. Your response should be a few paragraphs. Post a separate
response to at least two classmates. They should be constructive in nature.
