This instructor's guide is designed to be used in a seminar to explore the personal aptitude and skills required in entrepreneurship and to provide general and specific information about recognizing and overcoming the problems associated with beginning a new business. Addressed in the individual chapters are the following topics: the scope of small businesses (the elements, advantages, disadvantages, role, and major fields of small businesses); aspects of entrepreneurship (the advantages and shortcomings of being an entrepreneur and the traits and characteristics of successful entrepreneurs); development of a successful entrepreneurial enterprise (economic conditions, ideas for entrepreneurial opportunities, ways to become an entrepreneur, and business failure); preparing a business plan (reasons for a business plan, the content of a business plan, identification of a business, market area, competition, financing, legal issues, location, and personnel); managing the enterprise (the planning, organization, direction, control, finance, accounting, and bookkeeping functions of business management; business and community; and business ethics); and resources for the small business. The guide includes a time allocation plan; lists of entrepreneurial, general, managerial, marketing and sales, and accounting and financial competencies; a detailed outline of the content to be presented during each lesson; teaching tips for use in delivering the instructional text; worksheets; transparency masters; and discussion questions. (MN)