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
Something you cannot live without
What is a need
200
Attention to unique customer needs.
What is a competitive advantage?
200
Money that you need to get necessary equipment and supplies when beginning in business
What is start up cost
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
The desire to make money
What is Profit motive
300
Businesses that sell products and services
What is combination business
300
The cost of making each product or providing an hour of service
What is the Unit Cost
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
A business owned by 1 person
What is Sole Propriotorship
400
A tangible product
What is a good
400
What you will charge for your product or service
What is selling price
400
Plumbing, heating/air conditioning repair, accounting, and lawn care are all considered what type of businesses?
What are services
500
A business that is created for a cause
What is a non profit
500
Risks his or her time, effort, business reputation and funds on the the entrepreneurial venture.
What is a risk taker?
500
Microsoft
What is a corporation
500
The part of the business plan where you discover who your customers are
What is the marketing plan
500
The Starving Artists Society uses its gallery to sell paintings of local artists. The funds raised by the Starving Artists Society are used to help local artists continue in their chosen profession. The Starving Artists Society is classified as a: