Assignment
Part 1
1. What are the benefits of preparing the canvas model first before a written business plan?
2. What are the components of a business plan?
3. What are the different types of business plans?
4. How long does it take to write a business plan?
5. Why do business plans fail?
6. Why should the executive summary be written last?
Part 2
1. What are the factors in deciding what form of owner- ship is best suited for the potential business?
2. Briefly describe the advantages and disadvantages of a sole proprietorship and partnership.
3. Explain the corporate form of ownership and how a business is incorporated.
4. List the differences between the S-corporation and the limited liability company.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.