Entrepreneurs
A person who starts a new business or purchases an existing business.
What is an entrepreneur?
A written statement of goals and objectives for a business.
What is a business plan?
The way a business is organized.
What is organizational structure?
Borrowing money that must be repaid.
What is debt financing?
The ability to influence others to reach a goal.
What is leadership?
A characteristic that makes a person unique.
What is a trait?
The process of gathering and analyzing information about a market.
What is market research?
he line of authority from highest to lowest.
What is chain of command?
An asset pledged if a loan is not repaid.
What is collateral?
Managers who believe employees need close supervision follow this theory.
What is Theory X?
Someone with experience who provides advice and guidance.
What is a mentor?
All people and organizations that might purchase a product.
What is a market?
The process of controlling and making decisions about a business.
What is management?
Property or items of value a business owns.
What are assets?
Organizing time and work tasks efficiently.
What is time management?
The process of setting goals and deciding how to accomplish them.
What is planning?
The movement of money into and out of a business.
What is cash flow?
The process of recruiting, hiring, training, and evaluating employees.
What is staffing?
Money invested in exchange for ownership.
What is equity financing?
A system used to organize and manage information.
What is Personal Information Management (PIM)?
Name three ways an entrepreneur can start a business.
Start a new business, purchase an existing business, or buy a franchise.
Money necessary to start and open a business.
What is start-up capital?
Which management level directly supervises employees?
What is first-line management?
Private investors who fund start-up businesses.
Who are angel investors?
Name the five parts of a SMART Goal.
Specific, Measurable, Attainable, Realistic, Timely.