characteristics
Economy
Ownership
Starting
Hodge Podge
100
3 characteristics of successful entrepreneurs.
What is competitive, independent, reliable?
100
An invention or creation that is brand new.
What is an innovation?
100
An independent business with fewer than 500 employees.
What is a small business?
100
The amount of money needed to open the business.
What is start-up financing?
100
The percent of small business owners over the age of 35.
What is 14%?
200
Someone who takes a risk in starting a business to earn a profit.
What is entrepreneur?
200
A designed change that increases the usefulness of a product, service, or process.
What is an improvement?
200
Meeting customer needs and providing unique services.
What are two small business advantages?
200
$10,000 or less.
What is the amount most businesses start up with?
200
Products or raw materials on hand.
What is inventory?
300
Money needed to pay for the current-operating activities of a business.
What is short-term financing?
300
Low sales or higher than expected expenses.
What are two reasons businesses started by entrepreneurs close?
300
Poor location and lack of experience.
What are reasons for failure?
300
Description, customer analysis, operations plan, marketing plan, financial plans.
What are elements of a business plan?
300
The percent of all small businesses that are home-based.
What is 50%?
400
Most small businesses start with this.
What is an idea?
400
The percent of all new businesses that are discontinued over a 10-year period.
What is 50%?
400
Money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.
What is long-term financing?
400
Gather & review information.
What is the first step in developing a business plan?
400
Small businesses are responsible for creating this percent of all new jobs.
What is 60-80%?
500
Process of starting, organizing, and assuming the responsibility for a business.
What is entrepreneurship?
500
Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable
What is venture capital?
500
Banks, friends, family, crowd funding.
What are sources of financing?
500
A written description of the business idea and how it will be carried out, including all major business activities.
What is a business plan?
500
A government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
What is the Small Business Administration?
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