Entrepreneur
Characteristics
Economy
Productivity
Financing
100
Someone who takes a risk in starting a business to earn a profit.
What is an entrepreneur?
100
The process of starting, organizing, managing, and assuming the reponsibilities for a business.
What is entrepreneurship?
100
Money provided by large investors to finance new products and new busineses that have a good chance at being profitable.
What is Venture Capital?
100
An invention or creation that is brand new.
What is Innovation?
100
A designed change that increases the usefulness of a product, service or process.
What is improvement?
200
An independent business with fewer than 500 employees.
What is Small Business?
200
Government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
What is Small Business Adminstration (SBA)?
200
A written description of the business idea and how it will be carried out.
What is a business plan?
200
The amount of money needed to open the business.
What is start-up financing?
200
Money needed to pay for the current operating activities of a business.
What is short-term financing?
300
Money needed for the main resources of a business.
What is long-term financing?
300
Where most of the money comes for a person to start a new business.
What is family and friends?
300
Besides family and friends or venture capitalists, another source of capital for a new business.
What are loans from banks?
300
The greatest percentage of businesses in the US.
What are small businesses?
300
Small businesses are responsible for this percentage of all new jobs.
What is 60 - 80%?
400
Website that gives information to those interested in becoming a small business owner.
What is SBA.GOV?
400
Every business begins with a(n) ____________.
What is an idea?
400
Part of the business plan that discusses the industry characteristics and the condition of the economy.
What is description of competition?
400
Nearly _____ percent of all Americans ages 18-64 is involved in some type of entrepreneurial activity.
What is 10%?
400
According to the SBA, a small business is an independent business with fewer than ____ employees.
What is 500?
500
The percentage of US businesses owned by women. The answer is "more than _____ percent"
What is more than 25%.
500
The business idea, ownership structure, and the business's long-term goals are discussed in this section of a business plan.
What is the description of the business?
500
Most business plans are updated when?
What is annually?
500
The part of the business plan that discusses sales forcasts and the location and number of potential patrons.
What is the customer analysis?
500
Products or raw materials a business keeps on hand.
What is inventory?
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