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11 Cards in this Set
- Front
- Back
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What is an entrepreneur?
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people who own, operate, and take the risk of a business venture
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What are the types of entrepreneurial business
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Manufacturing
Wholesaling Retailing Service Agricultural Mining and extracting |
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Name some examples of manufacturing businesses
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Apparel and other textile products
Chemicals and related products Electronics and other electrical equipment Fabricated metal products Food products Industrial machinery and equipment Printing and publishing Rubber and miscellaneous plastic products Stone, clay, and glass products |
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What are some examples of wholesailing businesses?
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Apparel
Electrical goods Groceries and related products Hardware, plumbing, heating equipment Lumber, construction materials Machinery, equipment, supplies Motor vehicles, automotive equipment Paper, paper products Petroleum, petroleum products |
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define wholesailing
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Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services. ...
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retailing
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Auto and home supply stores
Building materials and supply stores Clothing stores Florists Furniture stores Gift, novelty, and souvenir storesGrocery stores Hardware stores Jewelry stores Retail bakeries Shoe stores Sporting goods and bicycle stores |
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Examples of Service Businesses
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Appliance repair
Automotive repair Babysitting Bookkeeping Consulting Dance instruction Electrical services Exterminators Flower decorating House cleaning Lawn care Painting Plumbing Translating Travel agency Tutoring |
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What are the characteristics that make an entrepreneur successful?
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Successful entrepreneurs
are independent are self-confident have determination and perseverance are goal-oriented have a need to achieve and to set high standards for themselves are creative are able to act quickly |
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How do you assess your ability to be an entrepreneur?
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Assess your interests
Hobbies and interests Past experiences Assess your aptitude Assess the advantages of entrepreneurship Assess the disadvantages of entrepreneurship |
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What are four advantages to being an entrepreneur?
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Entrepreneurs are their own bosses.
Entrepreneurs can choose a business that interests them. Entrepreneurs can be creative. Entrepreneurs can make lots of money |
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What are the disadvantages of being an entrepreneur?
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Entrepreneurship is risky.
Entrepreneurs face uncertain and irregular incomes. Entrepreneurs work long hours. Entrepreneurs must make all decisions by themselves. |
