Show:
Entrepreneurial Process
Business Plans
Financing
Small Businesses
Potpourri
100
Process of starting, organizing, managing and assuming the responsibility for a business.
What is entrepreneurship?
100
A written description of a business idea and how it will be carried out.
What is a business plan?
100
Money needed to pay for the current operating activities of a business.
What is short-term financing?
100
According to the Small Business Administration, a small business is an independent business with this many employees or fewer.
What is 500?
100
Most successful entrepreneurs have a high tolerance for this.
What is ambiguity?
200
An invention or creation that is brand new.
What is innovation?
200
The part of a business plan that discusses the industry characteristics and the condition of the economy.
What is description of competition?
200
Money needed for the main resources of a business that will last for many years.
What is long-term financing?
200
Small businesses have this advantage.
What is giving customers individualized attention?
200
Nearly this percentage of all Americans ages 18-64 are involved in some type of entrepreneurial activity.
What is 10%
300
A designed change that increases the usefulness of a product or service.
What is improvement?
300
Most business plans are updated this frequently.
What is annually?
300
The amount of money needed to open a new business.
What is start-up financing?
300
A government agency that helps entrepreneurs develop business plans and obtain financing.
What is the Small Business Administration?
300
Along with professional and scientific, this type of service businesses accounts for the largest percentage of small businesses in the United States.
What is technical?
400
Percent of small businesses owned by women.
What is 25%
400
The business idea, ownership structure and the business's long-term goals are discussed in this section of the business plan.
What is description of the business?
400
Money provided by large investors to finance new products and new businesses.
What is venture capital?
400
Small businesses are responsible for around this percent of the U.S. gross domestic product each year.
What is 50%?
400
Products or raw materials a business keeps on hand.
What is inventory?
500
Personal characteristic commonly found in successful entrepreneurs.
What is persistence?
500
The part of the business plan that discusses sales forecasts and the location and number of potential patrons.
What is customer analysis?
500
An entrepreneur gets most of his start-up financing from this source.
What are family and friends?
500
A large number of small businesses are these kinds of businesses.
What is service business?
500
A group of retired local businesspeople who volunteer their services to counsel and mentor new business owners.
What is Service Corps of Retired Executives?