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