Related Essays

  • Starting A Small Business

    Therefore, entrepreneurs are faced with both advantages and disadvantages when starting a small business, however the actions they decide to take will either...

  • Small Business Benefits

    Small businesses are vital to the success of the economy. Each year brings more national chains displacing locally-owned businesses throughout the country. W...

  • Advantages And Disadvantages Of Entrepreneurial Venture

    By definition, entrepreneurship is the activity of setting up a business or businesses, in response to a need or opportunity seen in society. Now, some peopl...

  • History Of SBA

    THE SMALL BUSINESS ADMINISTRATION, SBA SBA was founded through the Small Business Act of July, 1953 as an independent agency of the federal government of the...

  • Franchise Mcdonalds Essay

    There are multiple reasons for why people decide to start up a business. The main ones are: growth, earnings, transference and inheritance (Hoang, 2014). Ent...

  • Starting A Business Analysis

    Owning a business can be exciting for most entrepreneurs because you are the employer instead of the employee; which you are in control of the money, the dec...

  • Porter's Generic Strategy Case Study

    Akaeze, 2016; Mboko & Smith-Hunter, 2010). According to Besser and Miller (2010), the first five years of a business' startup is the most vulnerable period w...

  • Case Analysis Of Campbell's Organizational Strategy

    The characteristics of an entrepreneurial venture and a small business is that with entrepreneurial ventures are organizations that pursue opportunities, inn...

  • Comparing Mom And Pop Shops

    The term “small business” is a term that is often related to “mom & pop” shops, but what people don’t realize is that small businesses make up more than 99.7...

  • Sheep Analysis

    Innovation : Small business owner is making a greater effort and works hard more than the managers in the huge companies in order to develop and prosper thei...

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/9

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

9 Cards in this Set

  • Front
  • Back
The process of creating and managing a business to achieve desired objectives
Entrepreneurship
Any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people
Small business
An independent agency of the federal government that offers managerial and financial assistance to small businesses
Small Business Administration (SBA)
Small business percent representation of all employer firms
99.7%
Small business is important because:
It creates jobs and leads innovation
Industries popular to small business
-Retail and wholesaling
-Services
-Manufacturing
-High tech
Advantages of small business ownership
-Independence
-Low costs
-Flexibility
-Focus
-Reputation
Disadvantages of small business ownership
-High stress
-High "failure"
How to start a small-business
-Business plan
-Form of ownership
-Financial resources
-Start vs buy vs franchising