Title: Assignment 1 Due Date: 5th Oct 2013 (PT) 15th Nov 2013 (FT) Program: Small Business

Administration MG370/FM2202

Weightage: 20% Submission: More Portal Submission: More Portal Prepared by: Ewan Lee

Question Entrepreneurship is the process of starting or reviving a business in order to capitalize on newly discovered opportunities.

1. Critically discuss these approaches i) creating a new business and b) buying an existing business that an entrepreneur can adopt. What are the benefits and drawbacks the entrepreneur will have to embrace and how can the entrepreneur reduce its negative impact? (10%)

2. Franchising business model is getting more popular in the 21st century. Determine and discuss the factors that are affecting the success or failure of this business model. (10%)

Notes Your assignment should be between 1000 to 1500 words. Use font 12 Arial or Times New Roman with line spacing of 1.5. Harvard referencing format is encouraged.