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11.8: Discussion Questions

  • Page ID
    52112
    • Michael Laverty and Chris Littel et al.
    • OpenStax

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    1.

    What role do customers play in innovation? Is innovation possible without customer support?

    2.

    Do you believe that teamwork is important to entrepreneurship? Or do you prefer solopreneurship? Is one approach “better” than the other? Why or why not?

    3.

    What are the advantages of using a canvas to plan your business?

    4.

    What types of businesses fit best with each respective canvas type?

    5.

    Why would impact measures be important in social entrepreneurship ventures?

    6.

    How do the arts relate to the business model creation process?

    7.

    What are the advantages of using a lean model canvas compared to the traditional business model canvas?

    8.

    What components are in the breakeven analysis? How would you calculate your breakeven point?

    9.

    Why is feasibility analysis important?

    10.

    What are the different components of a feasibility analysis?

    11.

    Explain the purpose and importance of business plan.

    12.

    Describe the components of a business plan.

    13.

    Should you write a business plan even if you do not need outside financing? Why or why not?


    This page titled 11.8: Discussion Questions is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Michael Laverty and Chris Littel et al. (OpenStax) via source content that was edited to the style and standards of the LibreTexts platform.