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Check Your Progress
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1
Why are small businesses so important to the U.S. economy?
2
Which fields tend to attract entrepreneurs the most? Why?
3
What are the advantages of starting a small business? The disadvantages?
4
What are the principal reasons for the high failure rate among small businesses?
5
What decisions must an entrepreneur make when starting a small business?
6
What types of financing do small entrepreneurs typically use? What are some of the pros and cons of each?
7
List the types of management and financial assistance that the Small Business Administration offers.
8
Describe the franchising relationship.
9
What demographic, technological, and economic trends are influencing the future of small business?
10
Why do large corporations want to become more like small businesses?







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