Entrepreneurial spirit — this is something that you might have seen in a lot of job post ads that you come across. Your track record may not be like Richard Branson, Lori Greiner, or Mark Zuckerberg, but this does not mean that you cannot become like them or even adopt the right traits to emulate these successful entrepreneurs. Discuss five underpinning traits held by entrepreneurs. Why is it important?

Q2 The franchisee usually enters into a business that has an accepted name, product, or service. The franchisee does not have to spend resources trying to establish the credibility of the business. That credibility already exists based on the years the franchise has existed. Explain three advantages and disadvantages of franchising to a franchisee. If you are starting a business which one would you likely choose? *

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