1. Describe the similarities and differences between entrepreneurial firms and large firms in terms of their job creation and innovation. 2. What characteristics make an industry attractive to entrepreneurs? Based on these characteristics, which industries are most attractive to entrepreneurs? 3. Describe recent trends in new business start-ups. 4. What are the different sources of advice for entre- preneurs? What type of information would an entrepreneur be likely to get from each source? What are the drawbacks or limitations for each source? 5. What are the basic reasons small businesses suc- ceed and what are the basic reasons they fail?