Many of you will work for a small business. Some of you will even own your own business. In order to operate a small business, you will need a good understanding of managerial accounting, as well as many other skills. Much information is available to assist people who are interested in starting a new business. A great place to start is the website provided by the Small Business Administration, which is an agency of the U.S. government whose purpose is to support small businesses. 

Instructions

Go to the Small Business Administration website page for planning and starting your own business, search on “Is entrepreneurship for you?” and then answer part (a) below. Next, search on “10 steps to starting a business” and then answer part (b) below.

a. What are some of the characteristics required of a small business owner?

b. What are the 10 steps to starting a business?