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Why is a small business important in society?
Boost the local economy, brings new products and ideas, provides jobs.
What are some goals of a entrepreneur?
To make money, bring new products and ideas, build a sustainable business.
4 advantages to starting a new business
Make money, control everything yourself, recognition, making a difference.
What are some important sections of a business plan?
summary, what you are doing, strategies, goals, how to get money
Why do businesses have managers?
To help run a business, set goals, organize, and oversee employees.
Why should a business make a SWOT analysis?
To identify parts of a business, set goals, overcome weaknesses, over come threats
Why should a business be able to explain core competencies?
To define whats most important to the company.
Advantages of working with a team
Different levels of communication, higher quality, more ideas, more people to help
Disadvantages of working with a team
inefficiency, overwhelming others, conflict, decision making arguments
What makes a good team?
more open talking, compromise, helping others, creative thinking, clear sense of purpose, focus.
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