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Entrepreneurs
Entrepreneurship and the Economy
Small Business Ownership
Elements of a Business Plan
Business Vocabulary
100
Someone who takes a risk in starting a business to earn a profit.
What is an entrepreneur?
100
loans from banks and financial institutions.
What is financing?
100
Not having enough start-up money?
What is a reason for business failure?
100
Alternative plans for production, marketing, staffing, and financing.
What is the "game plan" in a business plan?
100
Money provided by large investors.
What is venture capital?
200
Steve Jobs and Steve Wozniak
What two men were the co-founders of the Apple Computer Company?
200
Producing large volumes of goods and services for the economy.
What is productivity?
200
Attention to unique customer needs.
What is a competitive advantage?
200
Short and long-term financing that includes budgets and financial statements.
What is a financial plan?
200
An independent business with fewer than 500 employees.
What is a small business?
300
persistent and competitive
What are some personal characteristics of successful entrepreneurs?
300
An economy that promotes innovation and new business development.
What is American private enterprise?
300
The portion of the business plan that forms SWOT.
What is the Description of Competition?
300
Money needed for the important resources that will last for many years.
What is long-term financing?
400
math, communication, and decision-making skills that entrepreneurs use regularly in setting up and running a business
What are foundational skills?
400
Improved design, more efficient procedures, and greater attention to quality.
What is an entrepreneurship opportunity?
400
Half of all small businesses.
What is a home-based business?
400
The final step before a business plan is completed.
What is review?
400
the resources that businesses use to produce the goods and services that people want
What are the factors of Production?
500
Risks his or her time, effort, business reputation and funds on the the entrepreneurial venture.
What is a risk taker?
500
Retired local business people who volunteer their service to counsel and mentor new business owners.
What is the Service Corps of Retired Executives?
500
Description of the business Description of Competition Customer Analysis Operations Plan Marketing Plan Financial Plans
What are the 6 elements of a business plan?
500
SWOT Strength, weaknesses, opportunities, threats.
What is an analysis of a product before it's marketed?