Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 6

Have you thought about starting your own business What opportunities seem attractive Choose someone in the class whom you might want for a partner or partners in the business. List all the financial resources and personal skills you will need to launch the business. Then make separate lists of the personal skills and the financial resources that you and your partner(s) might bring to your new venture. How much capital and what personal skills will be needed beyond those you already have Develop an action plan for needed capital.