small business and entrepreneurship
a business with a limited number of employees relatively low capital investment, and typical operates locally or regionally
what is a small business?
small businesses contribute significantly to a country's gdp
what is economic growth
completing on the basis of lower prices attract customers
what is price competition
small businesses often compete with one another in a local or regional market
what is a small business
able to see things and plan them out
what is vision
the process of identifying opportunities taking risks and creating and managing a new venture to exploits those opportunities.
what is entrepreneurship?
small business foster vibrant communities
what is community development
competing through facts like product quality, branding, customer service, and innovation
what is non-price competition?
can lead to better products and services for local consumers
what is competition
loves certain things
what is passion
what is a small job?
small businesses often drive innovation due to their flexibility and adaptability
what is innovation and creativity
encourages businesses to become more efficient to survive
what is efficiency
often identifying gaps in the market and create businesses to fill them
what is entreprenerships
doing things not extremely caring about what is going to happen
what is taking risks?
a limited number of employees
what is in a small business?
they stimulate economic growth by increasing consumer spending and tax revenues
what is economic growth
drives business to develop better products and services
what is innovation
by identifying and catering to niche markets that larger corporations may overlook
how can a small business be successful
able to manage time and fit things into their schedule
what is flexibility
taking risks
what makes up an entrepreneurship?
they provide jobs for local communities reducing unemployment rates
what is job creation
provides consumers with a variety or options and competition often leads to lower prices for consumers
what is consumer choices and lower prices
small businesses must compete to survive and thrive
how can consumers succeed
getting out of bed and hyping yourself up
what is self- motivation