intro to business ch.6
mentor
someone with experience who can provide advice, suggestions, and ideas
capital structure
the way a business is financed
any of the above
An entrepreneur can choose to _________
SBA
An independent agency of the federal government dedicated to helping entrepreneurs start, build, and grow their business is the _________
profit
Entrepreneurs willingly risk resources to start and run a business in pursuit of_____________
venture capital
money invested in a business by investors who form partnerships or groups to pool investments
Angel investors
private investors who fund start-up businesses are __________
Assests
property or items of value which a business owns are _________
leadership
the ability to reach others and reach a goal
market research
the gathering and analyzing of information about a business
start-up capital
the money necessary to start up and open a business
cash flow
the movement of money into and out of a business
mission statement
A sentence describing the purpose of a business is a(n) ___________
trait
a distinguishing characteristic or quality that makes each person unique
business plan
a written statement of goals and objectives for a business with a strategy to achieve them
financial projections
A business plan includes ___________
Executive Summary
A description of a business and why it will be successful is a(n) ___________
franchise
A license to sell a company's goods or services within a certain territory or location is a(n) ___________
Entrepreneur
A person who starts a new business r purchases an existing business is a(n) _________
market analysis
The _________ provides an overview of the industry and market that the business will serve.
venture capital and Angel investors
Two sources of equity financing are ________
franchising
Which of the following is a basic skill every entrepreneur should master?
self-confidence
Which of the following is a quality of effective leadership?
Small Business Administration (SBA)
Which of the following is a source of professional advice for new entrepreneurs?
expensive purchase price
Which of the following is not a potential advantage of purchasing an existing business?
lack of profit motive
Which of the following is not a reason why many new businesses fail?
income statement
Which pro forma financial statement projects revenue and expenses to show whether or not a business is profitable?
transferable
______ skills help an individual preform in the workplace or gain success in a career
passion
_______ is something which entrepreneurs believe in or are enthusiastic about
market
all the people and organizations that might purchase a product
