① Define what a small business is and recognize the fields in which small businesses are concentrated.
② Identify the people who start small businesses and the reasons why some succeed and many fail.
③ Assess the contributions of small businesses to our economy.
④ Describe the advantages and disadvantages of operating a small business
⑤ Describe the advantages and disadvantages of sole proprietorships.
⑥ Explain the different types of partners and the importance of partnership agreements.
⑦ Describe the advantages and disadvantages of partnerships.
⑧ Summarize how a corporation is formed.
⑨ Describe the advantages and disadvantages of a corporation