1. The global economic crisis revolved heavily around the relationship of debt financing to the consumer housing market. Yet, as a result, small businesses had trouble getting bank financing. Describe some of the ways that local and state government can help a small business get debt financing.
-What government debt-guarantee programs might be available for a company like a Bookstore?
-Why might a small company be reluctant to apply for debt financing?
2. What are the factors that an entrepreneur should consider when selecting a business location?
- How does the type of business influence each of those factors?
- How does the layout of the physical facility present an opportunity for strategic advantage?
- What does an entrepreneur need to know about the surrounding community, before selecting a site?
3. In the state of Virginia, what incentives local government offers to businesses, in order to get a favorable decision for a facility to be located in their state?