Discussion questions:
DQ1 - Partnerships in business present challenges and rewards. Assume that you are going to form a partnership for the purpose of going into business. What factors should you take into consideration in forming your partnership so that each partner's interests are protected? Generate a list of areas on which partners must to agree to minimize the risk of future conflict or even lawsuits.
DQ2 - Brainstorm at least one product or service that would fill a need in the marketplace. For each product or service idea, identify the target market. Identify any barriers to entry that the product or service might encounter and other products or services might compete with your service or product.