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20 Cards in this Set
- Front
- Back
Applying original or borrowed ideas to situations in which they have not been used before
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innovation
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What is the goal of government regulation of business?
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to balance the rights of individuals with the rights of business
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Interaction with other people
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human relations
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A business plan is a statement or report that defines your business and...........
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identifies its goals
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The ability to regulate your behavior and actions
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self-disipline
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Future entrepreneurs should plan their businesses around goods and services that..........
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they have confidence in
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A statement or report that defines a business and identifies its goal
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business plan
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What percentage of businesses in the United States are considered small?
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99%
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An enterprise that is independently owned and operated and is not dominant in its field
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Small business
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An entrpreneur must respond to the needs of........
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employees and customers
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Skills that relate to handling all the financial aspects of a job or business
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Management skills
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Entrpreneurs are most successful in businesses that
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they find interesting and enjoyable
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A federal agency established to assit and protect small business
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SBA
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Because entrepreneurs are their own bosses, they........
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must have a great deal of self-discipline
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Skills that relate to knowledge of an industry, product or craft
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industry skills
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Resources for information on small businesses include.....
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SCORE, public libraries, trade associations (all of the above)
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Representation of small business interests before Congress and other federal agencies
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advocacy
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An entrepreneur should be...............
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a self-starter, emotionally strong, highly motivated (all of the above)
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A nonprofit agency with more than 13,000 volunteeer business executives who provide free counseling and training to small business owners
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SCORE
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Entrepreneurs can improve their chances of succeeding by.............
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planning more carefully
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