This term is applied to businesses which serve a limited geographic area and emloy no more than 500 people.
What is a small business?
100
A new business undertaking that involves risk.
What is a venture?
100
The acronym SBA stands for this.
What is "Small Business Administration?"
100
There are _____ parts to a business plan.
What is "15?"
100
A word that means a general idea.
What is a concept?
200
Small businesses that also use the internet have grown more than ______ % faster than those that do not.
What is 45?
200
This is the main reason people become entrepreneurs.
What is "be the boss?"
200
Most U.S. businesses are this FORM of business.
What is a sole proprietorship?
200
This part of the business plan should be no more than two pages and should include the most important information from each section of the plan.
What is the Executive Summary?
200
This part of the business plan includes research about the business's customers.
What is the Market Analysis?
300
Medical supply companies, financial services firms and food service businesses are all examples of these groups of businesses that are related by the type of business they are in.
What is an industry?
300
This important task needs to be done BEFORE starting a business to see if there is demand for the product or service.
What is market research?
300
This is considered the biggest obstacle to starting a business.
What is "obtaining financing?" ("getting money or capital")
300
This section of the business plan includes the size, scope and type of business.
What is the Company Description?
300
These parts of the business plan state the guiding principles by which a business functions.
What are the vision and mission statements?
400
These type of businesses operate on the Internet.
What is "virtual business?" (or "dot com")
400
Name four of the twelve characteristics of a successful entrepreneur.
What is persistent, risk-taking, self-confident, restless, goal-oriented, action-oriented, responsible, self-demanding, creative, independent, inquisitive or enthusiastic?
400
A person who organizes, manages and assumes the risks of starting and operating a business.
What is an entrepreneur?
400
This part of the business plan includes a description of the business's media (television, radio, newspaper) goals.
What is Marketing Plan?
400
This part of the business plan establishes the scope and purpose (including values and beliefs) of the company.
What is the Vision Statement?
500
An independently owned business that usually has its owner as its manager.
What is a small business or sole proprietorship?
500
A statement that expresses the specific aspirations (goals) of a company.
What is a mission statement?
500
A word that means having a special meaning or importance.
What is "significant?"
500
A brief account of the key points contained in a business plan.
What is "Executive Summary?"
500
A written description of all aspects of a new business venture.