ECONOMICS: October 19 --go over the answer to yesterday’s warm-up Economics Learning Target #1 In order to understand how to begin a small business, I will explore alternative ways of bankrolling startups. I will know I have it when I can explain the differences between venture capital, angel investing, incubators, and crowdfunding (3:20). Warm-up: read Bankrolling Start-Ups (HO from earlier) If you were starting a new business, which method would you use to raise capital to fund it? Why? Economics Learning Target #2 In order to understand business organizations, I will analyze the role of corporations. I will know I have it when I can: (1) describe the legal status of a corporation; and (2) list and explain the advantages and disadvantages of corporations especially in terms of: (a) owner and operator liability; (b) ability to raise money; and (c) taxation. Corporations (see HO from yesterday) -raising money by: selling stock; selling bonds -LIMITED LIABILITY ; double taxation  Economics Learning Target #3 In order to discover alternative ways to own a business, I will analyze how a franchise operates. I will know I have it when I can explain the advan- tages and disadvantages of running a franchise. How a Franchise Works (5:27) Assignment: Ch. 7-8 Test Review (HO from earlier) Ch. 7-8 Test is TOMORROW (Warm-ups due tomorrow—5 dates: 10-6, 10-12, 10-13, 10-18, and 10-19) Subway is owned and operated by a franchisor, Doctor's Associates. The company doesn't own a single location, but collects 8% of revenue from each franchise.