1. What is a founders’ agreement? Describe the purpose of a buyback clause and why it’s important.

2. Discuss three main reasons people decide to become entrepreneurs and four main characteristics of successful entrepreneurs.

3. Explain what a feasibility analysis is, its purpose, and the two primary issues to consider when completing this analysis.

4. Explain what an industry/market feasibility analysis is, its purpose, and the two primary issues to consider when completing this analysis.