Title: Identify the risks involved in a business start-up.
Course: Entrepreneurship, Advanced (12053-II) > Section: Preparing for Life as an Entrepreneur

Identification should include personal, financial, and market risks. It should reflect research data about similar businesses that describe risks specific to the industry/market involved.

Process/Skill Questions:

- What is the benefit of studying the competition when assessing the risk of a business start-up?
- Are entrepreneurs risk takers by nature? Why, or why not?
- What are the effects of undercapitalization?
- What does the following quote by Anne Murphy mean?
"...Starting a business has always been a Bungee jump. Call it thrilling, terrifying, addictive perhaps. But never safe. Ideas fail to hold. Markets are missed. Not everyone bounces back."
- What types of businesses are most likely to fall victim to crime? Why?
- What is the greatest risk to business owners? Why?