ABSTRACT

INTRODUCTION The most important consideration for a venture start­up begins with the type of business the entrepreneur wants to start. Is it an income­producing business or a potentially high­ growth venture? Many of the business skills, but the most specialized of roles, such as law, accounting, insurance, etc., that an income­producing business requires for success may already be possessed. When other skills or resources are needed, income­producing busi­ nesses, such as beauty salons or hardware stores, tend to look for partners among friends or family.