The reasons people are willing to take the risks of entrepreneurship include opportunity, profit, and independence.
The advantages of entrepreneurial teams include combining creative, production, and marketing skills.
While other entrepreneurs are committed to the quest for growth, micropreneurs know they can be happy even if their companies never appear on a list of top-ranked businesses.
The opportunities of Web-based businesses include anytime, anywhere sales, and its risks include failed promises of revolutionizing shopping habits.
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The first five sections of a business plan are the executive summary, company background, management team, financial plan, and capital required.
The reasons small businesses fail financially include plunging in without first testing the waters on a small scale, under/overpricing goods or services, and underestimating how much time it will take to build a market.
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Many small businesses avoid doing business overseas because they can't secure financing, don't know how to get started, and don't understand cultural differences of prospective markets.
Advantages that small businesses have over large businesses in international trade include faster shipping and more personal service.
