How can asking the right questions help an entrepreneur evaluate a new venture? What types of questions are involved?
Answer to relevant QuestionsExplain how a feasibility criteria approach works.1. Is there any truth in the potential investor’s comment? Is the lack of uniqueness going to hurt George’s chances of success? Explain.2. If George were going to make his business venture unique, what steps might he ...What are some of the major advantages of franchising? Cite and explain three.1. Is anything unique about Chris’s idea? Explain.2. What is the first thing he should do to follow up on his idea? Explain.3. When this is done, what else should Chris do? Outline a general course of action for him.If a new venture has its choice between long-term debt and equity financing, which would you recommend? Why?
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