Title: Identify the steps of establishing a business.
Course: Sports and Entertainment Management (12163-II) > Section: Exploring Entrepreneurship in Sports and Entertainment

Identification should include

- identifying the business structure
- analyzing government regulations
- making legal, financial, market, and personnel decisions
- reviewing parts of the business plan.

Process/Skill Questions:

- What are the financial requirements for starting a business?
- What are the legal requirements for starting a business?
- What are the personnel requirements for starting a business?
- What is vertical integration?
- How is ownership percentage established for new businesses or franchises?
- What are the operational considerations for starting a business?
- How can a new business prepare for and/or pivot during unexpected or unpredictable natural, health, or economic challenges?