1. Describe the pros and cons of a dual job strategy at the early stages of the venture.

1. Three major problems your team may face are burnout, interpersonal conflicts, and family pressure. Describe how you can prevent and overcome them.

2. Inexperienced entrepreneurs often believe the misconception that a business plan is solely designed as a brochure for investors. The financial benefits of using a business plan to raise capital are well known. What are some additional benefits?

3. What are the critical risks entrepreneurs need to identify in the business plan?

4. Explain why it is important to construct pro forma financial statements for new ventures.

5. Describe venture capital investing from the perspective of the firm's general partners.

6. Name the ways of valuing a business, and explain why none of them can be called ideal.

7. Give a list and a brief description of the possible ways to finance a new venture.

8. Name at least eight criteria an ideal candidate for venture capital has to meet.

9. To qualify for assistance from the Small Business Administration, the proceeds of an SBA-guaranteed loan must be used for what purpose?