1. There are many advantages and disadvantage to each type of business ownership. Select and discuss two advantages and two disadvantages for each type of business ownership.
2. Many people would like to have their own business. If you were to start your own small business, why would you take on this venture?
3. What are the four types of business ownership? Describe each of them.
4. There are many successful entrepreneurs, such as Bill Gates, Warren Buffet, and Steve Jobs. What are four traits they have in common? Were these entrepreneurs born with these traits, or did they develop these traits? Support your answer.