Incorporation and Management of Small Businesses

TCO A. What are the advantages and disadvantages for the owners of a company of choosing to incorporate their business?

TCOB. What is a SWOT analysis and why is it important for a small business? Discuss the important of knowing your firms strengths
weaknesses and what threats exist in the external environment?

TCOC.  What is relationship Marketing?  What characterizes each of the four levels of customer involvement that are part of relationship
marketing?

TCOD. Describe the meaning of the following terms revenue, cash, profits, cash budget, cash flow, cash flow cycle.  Why is it important to
understand the differences among them?

TCOE.  What are angel investors?  Discuss the role of agents in financing of small companies and how they tend to finance start up companies?

TCOF Should a small business owner use a small vendor certification program?  How do these programs help with communication, control and commitment?

TCOG The text author state “that 70 percent of first generation businesses fail to survive into the second generation and those that
do survive only 12 percent, make it to third generation “Explain how a first generation entrepreneur or small business owner might improve those odds.

TCOH What are the benefits of Moral management?

TCOI What can small business owners and entrepreneurs do to be more effective at innovation?

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