business plan
starting a business
entrepreneur needs to come up with a new idea or vison to start a business
What is an entrepreneur
a person who starts a new business or purchases an existing one
define Purpose
Entrepreneurs must have a purpose they are driven to to be independent
what is SBA
us small business administration
name one reason businesses fail
purchasing a business
lower risk than starting your own business and has established suppliers
what are some transferable skills
skills that help someone perform in the workspace
define Passion
Entrepreneurs follow their passion which is the something they believe in
what does the SBA do
determine what is and what isn't a small business
what is SCORE
is a nonprofit association of more than 13,000 retired and active business people
buying a franchise
buying a license to sell a company goods
name 3 basic skills
Basic math functions
Reading and writing
effective speaking and listing
knowledge or current technology
define Persistence
entrepreneurs are persistent in achieving success
what are some of the SBA requirements for small business
organized for profit
has a place of business in the united states
in what ways do business development programs help
workshops, counseling,and management guidance
market research
the gathering and analyzing of information about a business
how will basic skills help
helps keep accurate financial records
understand and meet legal business requirements
deal with customers and suppliers effectively
manage general business operations
define People
Entrepreneurs need a support system of people
what are most of the small businesses in the USA
Service providers
what is a mentor
someone with experience who can provide advice
what are some of the start-up strategies
start a new business
purchase an existing business
buy a franchise
planning skills
skills that help organize the business
define Profit
the central force of all business is to make profit
what is one economic contribution of small business
represent the 99.7% of all employer firms
Employ about 50% of all private sector employees
who can start a business
Anyone can start a business but they do suggest a college degree and prior business experience