Entrepreneurship
A person who risks their time, money, and resources to start and manage a business is called
What is an Entrepreneur?
The first step in starting a business is usually
What is developing a business idea?
What is the first step in starting a business?
What is an Idea?
What is Liability?
What is responsibility?
The document that describes the business concept, objectives, strategies, and timelines for achieving those objectives.
What is a Business Plan?
What process do entrepreneurs go through?
What is the Entrepreneurial Process?
Liton (Youtube Video) from New York City, operated what type of business?
What is a fruit stand?
What is Funding?
A business owned by multiple people that has unlimited liability is an example of what type of ownership?
What is a Partnership?
Who is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so?
What is an Entrepreneur?
What stage is the entrepreneur in when they are forming ideas?
What is the Discovery Stage?
What is one product discussed in class that was developed by a small business?
What is a computer, copier, or jet engine?
Develop a -Blank- plan to promote your business and attract customers
What is Marketing?
A type of business that is owned by many, normally called shareholders, and has limited liability
What is a Corporation?
a privately owned and operated enterprise, typically with a small number of employees
What is a Small Business?
What stage is the entrepreneur in when they are planning their business?
What is the Concept Development Stage?
Small businesses have _Blank_ flexibility in decision-making over larger businesses.
What is greater?
Gathering feedback and making improvements based on the input is part of which step of starting a business
What is Monitor and Adjust?
How long can a sole proprietors business operate?
What is life span of the owner?
Evaluating the competition, potential customers, and resources available is part of the -Blank- analysis
What is Market?
What is 5?
A government agency that is responsible for assisting small businesses
What is the Small Business Administration (SBA)?
Name one of the ten steps for starting a business
Identify a business idea, Market Analysis, business plan, Form of business, Operations, build a team, marketing strategy, launch your business, and monitor and adjust
A Franchise is a type of business ownership that has what disadvantages?
What is often requires a large amount of start-up money, Lack of Flexibility, and Franchise Fees? (name at least one)
Type of Liability that is without limit and makes the owner(s) responsible for all the liability, bills, and lawsuits.
What is Unlimited?