Review the benefits an entrepreneur might seek in starting a new business. which benefits are most appealing to you? why? do you recognize any of the entrepreneurial personality characteristics in yourselves? which ones? do you think it’s possible for a person to develop the characteristics that he or she lacks? why or why not? what role does failure sometimes play in entrepreneurial success? what can an entrepreneur gain from failure? how could you convince family and friends to support your new business launch? what kind of assurances would they need? what could you do to keep the funding relationships professional? if you were to launch a new business would you start from scratch, buy an established independent business, or buy a franchise? why or why not? beyond personal resources, what are other funding options for small businesses? why don’t more entrepreneurs tap into these resources? compare the opportunities and threats that small businesses face. which opportunities are most compelling? which threats are most intimidating? why?