1-Find a business news article that relates to the topic of the week "New Business Venture Creation & Small Business Management". Post a summary of no more than 2 short paragraphs summarizing the article and how you feel it relates to the week's topic. Include the URL for the article.

1-1 New Business Venture Creation & Small Business Management

1. Successful businesses continually change. Methods of change discussed in this chapter include mergers, acquisitions, taking a firm private and using leveraged buyouts. Find an article in a business magazine online that illustrates how one of these methods changed an organization. What led to the change? How will this change affect the company's stakeholders? What benefits does the change provide? What new changes does it create?

2. If you were to go into business as a franchise, what franchise would you select? Why? What do you feel are the most important skills for this particular franchise? What would you consider success in this endeavor?

3. Are there any similarities between the characteristics demanded of an entrepreneur and those of a professional athlete?

4. Would an athlete be a good prospect for entrepreneurship? Why or why not?

5. Could teamwork be important in an entrepreneurial effort? Why or why not?

6. Select a small or medium sized business in your area or nearby that has failed recently. List the factors you think led to the failure. Compile a list of actions business owners might have taken to keep the company in business. (The local newspapers or area business publications may be a source of information about that company or its failure.)