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