Running A Business
What is a disadvantage of being an Entrepreneur?
Uncertain Income
What trait does an Entrepreneur typically have?
Creative
What administration helps small businesses?
The Small Business Administration
What do you call a letter of interest?
A letter of inquiry
What do you do to start a mind map?
Write down the main idea
Which type of business ownership has multiple people involved with unlimited liability?
Partnership
What does an Entrepreneur have to have to truly want to run their business, even in drastic situations?
Passion
Which organization consists of retired executives looking to help small businesses?
SCORE
When should you state the purpose of a letter of inquiry?
At the beginning
What method helps determine new market segments and opportunities?
Entrepreneurial Discovery
What effects the growth of an Entrepreneurial business?
The demand for convenience products
What does someone do if the future is unclear?
Take risks
Which source of start-up information would be recommended to an entrepreneur looking for information about the average start-up and operation costs for a self-serve laundromat?
The coin laundry trade association
What is the point of a letter of inquiry?
To gain information/secure trade deals/purchase items
What demographic trend helps entrepreneurial discovery?
Cultural shift
What is a financial problem associated with new business start ups?
Uncertain Income
What issue from being an Entrepreneur can be very difficult on an annual basis?
Unstable income
What do you call someone that guides you?
Mentor
What should you do to contact someone?
Email them or call them
What should a business consider in an environmental scan?
What can governments do to encourage new business start ups?
Deregulate taxes
What trait is very important in owning your own business?
Determination
What is important to do to get help for your business?
Conduct research/gather contact info
What do you do after you sell an item to a customer?
Contact them to follow up with the sale
What changing demographic can change the popularity of certain products?