Assignment 2: Entrepreneurship, SWOT Analysis, and Forms of Business Ownership
Respond to the following questions thoroughly, in 150-300 words for each question. Use your textbook as your first and major reference.
1. What is entrepreneurship? Is entrepreneurship something that can be learned or is it a skill that is innate? What are some of the characteristics of an entrepreneur? What is the entrepreneurial process?
2. What is a SWOT analysis? How can a SWOT analysis be used by a small business owner or a person considering the start of a small business?
3. You are considering the organization of a small business. What are the pros and cons of each of the three major forms of business ownership, as they apply to a small business?