Read the Enterprise Creation Lessons 2, 6, and 10—reading and videos Once you’ve read the material, answer the following questions in a Word document.  Compare the differences between an entrepreneur’s purpose, passion, and perseverance and why they each are important. Explain the purposes that a business plan has in the creation of a new venture. Describe at least five aspects to consider in determining the appropriate legal structure of a new venture.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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  • Read the Enterprise Creation Lessons 2, 6, and 10—reading and videos

Once you’ve read the material, answer the following questions in a Word document. 

  1. Compare the differences between an entrepreneur’s purpose, passion, and perseverance and why they each are important.
  2. Explain the purposes that a business plan has in the creation of a new venture.
  3. Describe at least five aspects to consider in determining the appropriate legal structure of a new venture.
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