Chapter 6: Entrepreneurship

¡Supera tus tareas y exámenes ahora con Quizwiz!

transferable skills

help an individual perform in the workplace or gain success in a career

passion

is something which entrepreneurs believe in or are enthusiastic about

mentor

someone withe experience who can provide advice, suggestions, and ideas.

market analysis

the ______ provides an overview of the industry and market that the business will serve

leadership

the ability to reach others and reach a goal

start-up capital

the money necessary to start up and open a business

venture capital and angel investors

two sources of equity financing are _________.

market research

gathering and analyzing information about a business

venture capital

money invested in a business by investors who form partnerships or groups to pool investments

expensive purchase price

not a potential advantage of purchasing an existing business

lack of profit motive

not a reason why many new businesses fail.

angel investors

private investors who fund start-up businesses are _________.

assets

property or items of value which a business owns are _________.

cash flow

the movement of money into and out of a business

capital structure

the way a business is financed

small business administration

a source of professional advice for new entrepreneurs

executive summary

a description of a business and why it will be successful is an ___________

trait

a distinguishing characteristic or quality that makes each person unique.

franchise

a license to sell a company's goods or services within a certain territory or location

entrepreneur

a person who starts a new business or purchases an existing business.

self-confidence

a quality of effective leadership

mission statement

a sentence describing the purpose of a business is an _______________

business plan

a written statement of goals and objectives for a business with a strategy to achieve them

profit

Entrepreneurs willingly risk resources to start and run a business in pursuit of ______.

Income statement

Which pro forma financial statement projects revenue and expenses to show whether or not a business is profitable?

basic math functions

a basic skill every entrepreneur should master.

financial projections

a business plan includes ______.

market

all the people and organizations that might purchase a product

any of the above

an entrepreneur can choose to _______. A. Start a new business B. Purchase an existing business C. Buy a franchise D. Any of the above

SBA

an independent agency of the federal government dedicated to helping entrepreneurs start, build, an grow their business


Conjuntos de estudio relacionados

Chapter 25 Phosphates, Sulfates and related minerals

View Set

Combo with "Chapter 2 Test" and 11 others

View Set

220-1001-Exam-Dumps-220-1001-Braindumps-220-1001-VCE-220-1001-PDF-Exam-Questions-220-1001-Practice-Test: from www.passleader.com

View Set

BME 213 Ethics Final, BME 213 Midterm

View Set

math-Practice of rational numbers, irrational numbers etc.

View Set

Moses Copd with pneumonia case study

View Set

Precision, accuracy, reliability, validity

View Set