Managing Your Own Business
The ability to do something proficiently.
What is a skill?
A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.
What is a Small Business?
Taking the good or service and selecting a brand name, packaging, colors, a warranty, accessories, and a service program.
What is Product Strategy?
An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
What is an Entrepreneur?
Individual investors or groups of experienced investors who provide financing for start-up businesses by investing their own money, often referred to as “seed capital.”
What is an Angel Investor?
Finding the Idea, Choosing a Form of Business Organization, Developing the Business Plan and Financing the Business.
What is a Starting Your Own Business Checklist?
Is a combination of factors that can be controlled by a company to influence consumers to purchase its products.
What is a Marketing Mix?
Is highly risky but also can be highly rewarding, as it serves to generate economic wealth, growth, and innovation.
What is Entrepreneurship?
Cannot be fully anticipated, but managers can develop contingency plans to help navigate through the aftermath of a disaster.
What is Crisis Management?
Management team biographies; the company’s values, information about the company culture, a detailed competitive analysis, customer testimonials, and research summaries.
What is included in the Appendix Section - the last section of a Business Plan?
The actions people take in buying and using goods and services.
What is Buyer Behavior?
An employee who is tasked with developing an innovative idea or project within a company.
What is an Intrapreneurs?
The ability to view the organization as a whole, understand how the various parts are interdependent, and assess how the organization relates to its external environment.
What are Conceptual Skills?
An essential written document that provides a description and overview of your company's future.
What is a Business Plan?
Creating the means by which a product flows from the producer to the consumer.
What is Place Strategy?
Ambitious, Independent, Self-confident, Risk-takers, Visionary, Creative, Energetic, Passionate and Committed.
What is The Entrepreneurial Personality?
Planning, organizing, leading, and controlling.
What are skills necessary for managerial success?
Any word, phrase, symbol, design, or a combination of these things that identifies your goods or services.
What is a Trademark?
The strategy of raising the price of a product so consumers will perceive it as being of higher quality, status, or value.
What is Prestige Pricing?
Purchase Volume, Number of Customers, Location of Buyers and Direct Distribution.
What are Characteristics of the B2B Market?