1. List five entrepreneur-owned businesses in your community. In which industry does each business compete? Based on the industry, how do you rate each businesss long-term chances for success? Explain your answers.

2. Using the information about managing a small business presented in this chapter, analyze whether you would like to work in a small businesseither as an employee or as a founder. Given your personality, background, and experience, does working in or starting a new business appeal to you? What are the reasons for your opinion?