I just need help need help describing and explaining each section thanks!

After studying Part II, the student should be able to: Describe when and why part-time businesses are important. Describe the conditions that make part-time entrepreneurship a good decision. Describe the kinds of part-time entreprencurship that exist. Describe the key factors to making a decision to go into part-time entrepreneurship. Use the BREI model to describe what it takes to be successful in part time entrepreneurship, Describe the advantages and pitfalls of delegating and outsourcing. Identify the ethical challenges of part-time entrepreneurship. Describe the challenges of moving from part-time to full-time entrepreneurship. Describe the strategies for going into an entrepreneurial business on a full- time basis. Describe five ways that people get into small business ownership. Compare the rewards with the pitfalls of starting a new business. Compare the advantages and disadvantages of purchasing a business franchise. Compare the advantages and disadvantages of purchasing an existing business. Explain four methods of purchasing an existing business. Explain the issues of inheriting a family owned business. Describe how hired managers become owners of small businesses. Identify the choices for exiting a business. Describe the decisions needed to establish a foundation for strategic planning, Identify the forms of imitative and innovative businesses. Articulate the benefits that win over customers. Assess how industry changes affect strategy. Explain the major strategies of business - differentiation, cost, and focus. Determine how to sustain competitive advantage through attracting customers and discouraging competition. Understand why and when to develop a business plan. Know how to tell the business plan story. Learn the major sections of the business plan. Focus business plan sections to moct specific needs. Identify the major risks to business plan success. Master pitching your business plan to others. a