Assignment:
1. Define Business Plan. What are the three essential reasons to prepare a business plan?
2. Explain the spiderweb business model.
3. Why is bootstrapping important for
(a) closely held companies and
(b) early-stage, high-growth companies seeking equity investors?
4. Identify three similarities and three differences between a franchise and a license.
Your answer must have to be in 200 to 250 words.