Don't Tell ME What to Do!
People who own, operate, and take the risk of a business venture.
What are "entrepreneurs?"
Type of business that sells souvenirs & gifts to customers.
What is "retailing?"
Evaluation of your strengths and weaknesses.
What is a "self-assessment?"
Thoughts or concepts that come from creative thinking.
What are "ideas?"
Step 1 of the Problem-Solving Model
What is "Define the Problem."
People who work for someone else.
What are "employees?"
Type of business that gives dance lessons to clients.
What is a "service?"
The ability to learn a particular kind of job.
What is "aptitude?"
Possibilities that arise from exiting conditions.
What are "opportunities?"
Step 2 of the Problem-Solving Model
What is "Gather Information"
True or False? Entrepreneurs are their own bosses and and therefore they control their own destiny.
What is "true?"
Type of business: A lumber mill sells its lumber to Lowe's.
What is "wholesaling?"
True or False? According to your textbook, 98 percent of all new businesses survive at least two years.
What is "False?" (67 percent survive at least two years)
True or False? Many people get business ideas from their hobbies or interests.
What is "true?"
Step 3 of the Problem-Solving Model
What is "Identify Various Solutions."
One disadvantage to being an entrepreneur is that entrepreneurs face uncertain and irregular incomes because they may make money one month and lose money the next month. True or False?
What is "true?"
What is "manufacturing?"
Goals help you stay on track and follow through with your plans. The best goals are SMART. The "S" in SMART stands for __________________.
What is "Specific?"
This organization exists to help small businesses and their owners.
What is the "Small Business Administration" (or SBA.)
Step 4 of the Problem-Solving Model.
What is "Evaluate Alternatives & Select the Best Option."
___________________ Coffee Company was founded in 1971, opening its first location in Seattle's Pike Place Market.
What is "Starbucks?"
Type of business that provides housecleaning for clients.
What is "service?"
The M in SMART goals stands for ______________.
What is "Measurable."
Analyzing ___________ _________ and jobs you have held can help you come up with ideas for a business you would enjoy owning. Learning from a prior job will increase your chance of success in running a new business.
What are "past experiences?"
Steps 5 and 6 of the Problem-Solving Model.
What are "Take Action" and "Evaluate the Action."