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T/F The strategic management process is key to
building a small business.
Why is choosing the appropriate form of
business ownership important for a business you want to start?
Why is it important for an entrepreneur to
develop a business plan?
4)  T/F Market research tells you all about the
financial aspects of business a local business.
Why is developing
a financial plan an important part of the entrepreneur’s planning process?
How would you describe
the difference between leadership and management? 7) What does it mean when an entrepreneur thinks globally? What are advantages and risks an entrepreneur faces when going global?8) Provide an example of why it may be important for entrepreneurs to carefully hire workers. Are there examples where hiring the wrong employee caused a business to suffer? What steps may small business owners take to avoid making hiring mistakes?

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