Skip to ContentGo to accessibility pageKeyboard shortcuts menu
OpenStax Logo
Entrepreneurship

Discussion Questions

EntrepreneurshipDiscussion Questions

1.

Discuss how a small business can be bootstrapped at its inception. What kind of costs can the entrepreneur avoid or lower with tenacity and sweat equity?

2.

If you were to start a small business, what would it be and what kind of resources would you need to get started?

3.

Which do you think are more difficult to protect: tangible or intangible resources and why?

4.

Discuss how political factors can impact a business.

5.

What are some examples of sociocultural factors that may affect a business?

6.

Explain how economic factors can increase the price of a product.

7.

When is it a good time to hire an independent contractor and when is it a good time to hire an on-staff employee?

8.

Explain how resource dependence theory helps a venture grow.

9.

Discuss the steps required in hiring new employees. What sorts of factors must you think of before you hire a new team?

10.

Discuss the importance of having personal resources, such as a strong support system, when starting a venture.

Citation/Attribution

This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax's permission.

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution License and you must attribute OpenStax.

Attribution information
  • If you are redistributing all or part of this book in a print format, then you must include on every physical page the following attribution:
    Access for free at https://openstax.org/books/entrepreneurship/pages/1-introduction
  • If you are redistributing all or part of this book in a digital format, then you must include on every digital page view the following attribution:
    Access for free at https://openstax.org/books/entrepreneurship/pages/1-introduction
Citation information

© Sep 19, 2024 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.