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Assignment 2: Entrepreneurship, SWOT Analysis, and Forms of Business Ownership General Questions: Respond to the following questions thoroughly, in 150-300 words for each question. Use

Assignment 2: Entrepreneurship, SWOT Analysis, and Forms of Business Ownership

General Questions:

Respond to the following questions thoroughly, in 150-300 words for each question. Use your textbook as your first and major reference.

  1. What is entrepreneurship? Is entrepreneurship something that can be learned or is it a skill that is innate? What are some of the characteristics of an entrepreneur? What is the entrepreneurial process?
  2. What is a SWOT analysis? How can a SWOT analysis be used by a small business owner or a person considering the start of a small business?
  3. You are considering the organization of a small business. What are the pros and cons of each of the three major forms of business ownership, as they apply to a small business?

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