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Step #1 is deciding on what type of business you want to start. Many people choose to start a business around something they know and are passionate about. The first question every would-be business owner needs to ask about his/her product or service idea: “What PROBLEM does it SOLVE or what NEED does it FILL?” There are many reasons why consumers make purchase. The Business Plan •Vary in depth, detail, and quality •Tech vs. low tech businesses •Examples ••WCU Library •“The business planning guide creating a plan for success in your own business” by David H. Bangs, Jr. •“Business plans handbook. Volume 10 a compilation of actual business plans developed by. PART 1 Decision to Become an Entrepreneur 1 CHAPTER 1Introduction to Entrepreneurship3 Opening Profile—RIFFRAFF: The Classic Entrepreneurial orySt 3 Introduction to Entrepreneurship 5 What Is Entrepreneurship and Why Is It Important? 6 Why Do People Become Entrepreneurs? 7.
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