All the terms
The process of recognizing an opportunity, testing it in the market and gathering the resources necessary to go into business.
What is entrepreneurship?
Persistent, risk-taking, self confident, restless, goal-oriented, action-oriented, responsible, self-demanding, creative, independent, inquisitive and enthusiastic.
What are characteristics of an entrepreneur?
Most U.S. businesses are this type, which means they are owned and operated by one person.
What is a sole proprietorship?
What is a business plan?
An independently owned business that usually has the owner as its manager.
What is a small business?
Being the Boss, doing what you enjoy, having the opportunity to be creative and building an enterprise.
What are the rewards/benefits of being an entrepreneur?
Run by a chief executive officer who answers to a board of directors. Has many owners
What is a corporation?
A brief account of the key points contained in a business plan.
What is the executive summary?
The outline of the business. It helps investors understand the size, scope and type of business you plan to start.
What is the Company Description?
Getting the funds to start the business, being fully responsible for the business, feeling alone and insecure, uncertain income levels.
What are the challenges/risk of entrepreneurship?
A business owned and operated by more than one person.
What is a partnership?
Indicates how your business has an advantage over its competitors.
What is the competitive analysis?
Establishes the scope and purpose of a company.
What will I produce?
Who are my competitors?
Why is my product or service needed?
How much will my product or service cost to produce?
What is the checklist for starting a new Venture?
A business that operates on the internet.
What is a virtual or dot-com business?
What is the Marketing Plan?
Expresses the specific aspirations of a company, the major goals it will try to reach.
What is a mission statement?
Less than 500 employees.
What is the number of employees a small business employees?
99 percent
What is the percentage of U.S. firms classified as small businesses.
Looks at all likely risks, such as lower than expected sales and emergencies that might affect the business.
What is the Contingency Plan?