Assignment 1: Exit Strategy, Franchising, and IPOs in Small Business

General Questions:

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 an exit strategy? Why would a small business need an exit strategy? How would an exit strategy benefit the owners of a small business?

1. What are the benefits of franchising? What characteristics are conducive to franchising from the small business perspective?

1. What is an IPO? Why would a firm consider an IPO?

Deliverables:

1. Answer the General Questions and post your responses to the Discussion Area by Saturday, June 25, 2016. Be sure to explain your answers thoroughly, use specific examples, and cite your sources.

By the end of the week, participate in the discussions, responding to at least two other responses.