problem1. Before starting small business, individuals need to make sure that they have certain fundamental characteristics. describe the personal characteristics which are required from entrepreneurs to make sure their success.

problem2. describe the following proclamation:

“Finance is the only and most significant issue confronting the individual willing to start a small business”

problem3. Entrepreneurs, in starting and managing their venture, have to take many risks and are likely to experience stress. describe the numerous types of risks and sources of stress confronting the entrepreneur, and, suggest ways to deal with stress.

problem4. A business plan is the key resource for a start-up.

i) What benefits can be derived from business plan?

ii) Describe the major components of business plan.