3 Questions -No Plagiarism PLEASE read before accepting assignment. Assignment is Due on December 16th at 3pm EST. 200-word count for each question in your own words. Please add answers below the questions.

3 Questions -No Plagiarism PLEASE read before accepting assignment. Assignment is Due on December 16^th at 3pm EST. 200-word count for each question in your own words. Please add answers below the questions.

1. Entrepreneurship: Starting and Operating a Small Business

Variable costs

Determine the variable costs taken into account when starting up a small business. Why is it as important to have a good record-keeping system for a small business, as it is for a corporation?

2. Entrepreneurship: Starting and Operating a Small Business

ROI

What three things must be measured to obtain the ROI for a small business? Why do investors normally refer to ROI as wealth, versus actual cash?

3. Entrepreneurship: Starting and Operating a Small Business

Friends and family

One financing avenue for many small business owners is the possibility for equity from friends and family.  There are many upsides, both for the potential investor and the owner, but there are some downsides as well (just as there are for any financing option).  What are some of the potential issues in seeking investment capital from friends and family?