Study sets matching "quiz chapter 7 small business entrepreneurship"

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Study sets matching "quiz chapter 7 small business entrepreneurship"

Chapter 7 Small Business and Entrepreneurship
Internal Locus of Control
External Locus of Control
Angel Investors
Venture Capital Firms
a deep seated sense that the individual is personally respons…
a deep seated sense that forces other than the individual are…
individuals who invest in start up companies with high growth…
Companies that invest in start up businesses with high growth…
Internal Locus of Control
a deep seated sense that the individual is personally respons…
External Locus of Control
a deep seated sense that forces other than the individual are…
15 terms
Chapter 7: Small Business and Entrepreneurship
People start their own business for th…
Characteristics of an Entrepreneur:
Small Business Administration (SBA)
Market Niches tend to offer:
1) Independence... 2) Flexibility... 3) Challenge... 4) Survival
1) Vision... 2) self reliance... 3) energy... 4) Confidence... 5) toleran…
Partially guarantees loans from local commercial lenders. Thi…
1) personal customer service... 2) Lower overhead Costs... 3) Techn…
People start their own business for th…
1) Independence... 2) Flexibility... 3) Challenge... 4) Survival
Characteristics of an Entrepreneur:
1) Vision... 2) self reliance... 3) energy... 4) Confidence... 5) toleran…
10 terms
Chapter 7: Small Business and Entrepreneurship
entrepreneurs
internal locus of control
external locus of control
angel investors
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that forces other than the individual are…
individuals who invest in start-up companies with high growth…
entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
Chapter 7: Small Business & Entrepreneurship
alternative lenders
angel investors
business plan
external locus of control
Typically, private firms that charge very high interest rates…
Individuals who invest in start-up companies with high growth…
A formal document that describes a business concept, outlines…
A deep-seated sense that forces other than the individual are…
alternative lenders
Typically, private firms that charge very high interest rates…
angel investors
Individuals who invest in start-up companies with high growth…
25 terms
Chapter 7 - Small business and Entrepreneurship
Key reasons to launch a small business
Entrepreneurs
Entrepreneurial mindset
Intrapreneurs
-Financial success... -Independence... -Flexibility... -Challenge... -Sur…
People who risk their time, money, and other resources to sta…
-Vision - Brining out new ideas and solutions... -Energy... -Tolera…
Innovative workers who focus on launching new products and ge…
Key reasons to launch a small business
-Financial success... -Independence... -Flexibility... -Challenge... -Sur…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Chapter 7 small business and Entrepreneurship
Internal locus of control
External locus of control
angel investors
venture capital firms
a deep sense that the individual is personally responsible fo…
the sense that forces other than the individual are responsib…
individuals who invest in start up companies with high growth…
Companies that invest in start up businesses with high growth…
Internal locus of control
a deep sense that the individual is personally responsible fo…
External locus of control
the sense that forces other than the individual are responsib…
Chapter 7 - Small Business and Entrepreneurship
entrepreneurs
internal locus of control
external locus of control
alternative lenders
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Typically private firms that charge very high interest rates,…
entrepreneurs
People who risk their time, money, and other resources to sta…
internal locus of control
A deep-seated sense that the individual is personally respons…
17 terms
Chapter 7: Small Business and Entrepreneurship
Launching a new business: what's in it…
The Entrepreneur: A distinctive profile
Funding Options
Angel Investors
lower overhead costs, greater financial success, flexibility,…
vision, self reliance, energy, confidence, tolerance of uncer…
personal resources, loans, Angel investors, Venture Capital
wealthy individuals who invest in new and growing firms that…
Launching a new business: what's in it…
lower overhead costs, greater financial success, flexibility,…
The Entrepreneur: A distinctive profile
vision, self reliance, energy, confidence, tolerance of uncer…
12 terms
Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
Angel Investors
Venture Capital Firms
Market Niche
People who risk their time, money, and other resources to sta…
Individuals who invest in start-up businesses with high growt…
Companies that invest in start-up businesses with high growth…
A small segment of a market with fewer competitors than the m…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Angel Investors
Individuals who invest in start-up businesses with high growt…
6 terms
Chapter 7- Small Business and Entrepreneurship
Crowdfunding
Angel Investors
Venture Capital Firms
Business Plan
the process of funding ventures by raising money from a large…
invest in start-ups with high growth potential in exchange of…
invest in start-up businesses with high growth potential in e…
describes a business concept, outlines core business objectiv…
Crowdfunding
the process of funding ventures by raising money from a large…
Angel Investors
invest in start-ups with high growth potential in exchange of…
13 terms
Survey of Business Chapter 7 Small Business and Entrepreneurship
Entrpreneurs
Entrepreneurial characteristics
Internal locus of control
External locus of control
people who risk their time, money, and other resources to sta…
Vision, self-reliance, energy, confidence, tolerance of uncer…
deep seated sense that the individual is personally responsib…
deep seated sense that forces other than the individual are r…
Entrpreneurs
people who risk their time, money, and other resources to sta…
Entrepreneurial characteristics
Vision, self-reliance, energy, confidence, tolerance of uncer…
15 terms
Chapter 7-Small Business & Entrepreneurship
entrepreneurs
necessity entrepreneurs
characteristics of entrepreneurs
internal locus of control
people who risk their time, money, and other resources to sta…
launch their business because they believe it is their only e…
vision, self-reliance, energy, confidence, tolerance of uncer…
a deep-seated sense that the individual is personally respons…
entrepreneurs
people who risk their time, money, and other resources to sta…
necessity entrepreneurs
launch their business because they believe it is their only e…
Chapter 7 Small business and entrepreneurship
Entrepreneurs
Internal locus of control
External locus of control
Angel investors
People who risk their time, money and other resources to star…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start-up companies with high growth…
Entrepreneurs
People who risk their time, money and other resources to star…
Internal locus of control
A deep-seated sense that the individual is personally respons…
16 terms
Chapter 7: Small Business and Entrepreneurship
entrepreneurs
internal locus of control
external locus of control
entrepreneurial characteristics
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that forces other than the individual are…
vision, energy, tolerance of uncertainty, self-reliance, conf…
entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
20 terms
Chapter 7 - Small Business and Entrepreneurship
entrepreneurs
internal locus of control
external locus of control
alternative lenders
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Typically private firms that charge very high interest rates,…
entrepreneurs
People who risk their time, money, and other resources to sta…
internal locus of control
A deep-seated sense that the individual is personally respons…
13 terms
Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
Internal locus of control
External locus of control
Angel investors
People who risk their time, money, and resources to start and…
Sense that the individual is personally responsible for what…
Sense that forces other than the individual are responsible f…
Individuals who invest in start up companies with high growth…
Entrepreneurs
People who risk their time, money, and resources to start and…
Internal locus of control
Sense that the individual is personally responsible for what…
Chapter 7: Small business and entrepreneurship
why do most people become entrepreneurs?
necessity entrepeneurs
characteristic of entrepeneurs
internal locus of control
they are seeking greater financial success, independence, fle…
people who launch businesses because it's their only economic…
vision... self-reliance... energy... confidence... tolerance of uncertain…
A deep-seated sense that the individual is personally respons…
why do most people become entrepreneurs?
they are seeking greater financial success, independence, fle…
necessity entrepeneurs
people who launch businesses because it's their only economic…
9 terms
Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
internal locus of control
external locus of control
Small Business Administration (SBA)
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that forces other than the individual are…
an agency of the federal government designed to maintain and…
Entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
10 terms
Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
Internal Locus of Control
External Locus of Control
Angel Investors
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start up companies with high growth…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal Locus of Control
A deep-seated sense that the individual is personally respons…
10 terms
BUSN Chapter 7 - Small Business and Entrepreneurship
Entrepreneurs
Internal Locus of Control
External Locus of Control
Angel Investors
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start-up companies with high growth…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal Locus of Control
A deep-seated sense that the individual is personally respons…
18 terms
Chapter 7: Small Business and Entrepreneurship
What are some reasons that people star…
Entrepreneur
What are the two pillars of the entrep…
What are the 6 main characteristics of…
-Greater financial success... -Flexibility... -Challenge... -Survival
Person who risk their time, money, and other resources to sta…
-Aim to change the world through blockbuster goods or service…
-Vision... -Self-reliance... -Energy... -Confidence... -Tolerance of unce…
What are some reasons that people star…
-Greater financial success... -Flexibility... -Challenge... -Survival
Entrepreneur
Person who risk their time, money, and other resources to sta…
Intro to Business Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
Angel Investors
Venture Capital Firms
Market Niche
people who risk their time, money, and other resources to sta…
INDIVIDUALS who invest in start-up companies with high growth…
COMPANIES that invest in start-up businesses with high growth…
a small segment of a market with fewer competitors than the m…
Entrepreneurs
people who risk their time, money, and other resources to sta…
Angel Investors
INDIVIDUALS who invest in start-up companies with high growth…
Chapter 7: Small Businesses and Entrepreneurship
Reasons to Launch Small Business
Entrepreneurial Mindset
Entrepreneurial Characteristics
Funding Options
Financial Success... Independence... Flexibility... Challenge... Survival
Attitude to change the world through goods or services
Vision and self-reliance... Energy and confidence... Tolerance of u…
Personal resources... Loans... Alternative Lenders... Angel Investors…
Reasons to Launch Small Business
Financial Success... Independence... Flexibility... Challenge... Survival
Entrepreneurial Mindset
Attitude to change the world through goods or services
Chapter 7: Small Business and Entrepreneurship
Entrepreneurs
Internal Locus of Control
External Locus of Control
Alternative Lenders
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Typically private firms that charge very high interest rates,…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal Locus of Control
A deep-seated sense that the individual is personally respons…
5 terms
Chapter 7 vocabulary small business and entrepreneurship
Entrepreneurs
Angel investors
Venture capital firms
market niche
People who risk their time, money and other resources to star…
individuals who invest in start-up companies with high growth…
companies that invest in start-up businesses with high growth…
A small segment of a market with fewer competitors than the m…
Entrepreneurs
People who risk their time, money and other resources to star…
Angel investors
individuals who invest in start-up companies with high growth…
31 terms
Foundations Chapter 7 - Small Business and Entrepreneurship
People are starting their own ventures…
Entrepreneurs
Necessity entrepreneurs
Successful entrepreneurs tend to stand…
most are seeking some combination of greater financial succes…
people who risk their time, money, and other resources to sta…
launch their business because they believe it is their only e…
mindset and personal characteristics ... *Matter of attitude is…
People are starting their own ventures…
most are seeking some combination of greater financial succes…
Entrepreneurs
people who risk their time, money, and other resources to sta…
10 terms
BUSN Chapter 7 - Small Business and Entrepreneurship
Entrepreneurs
Internal Locus of Control
External Locus of Control
Angel Investors
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start-up companies with high growth…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal Locus of Control
A deep-seated sense that the individual is personally respons…
15 terms
Chapter 7: Entrepreneurship and Starting a Small Business
Entrepreneurship
SMEs (small and medium-sized enterpris…
Entrepreneurial team
Micro-enterprises
Accepting the challenge of starting and running a business.
Refers to all businesses with fewer than 500 employees.
A group of people from different areas of business who join t…
A small business defined as having one to four employees.
Entrepreneurship
Accepting the challenge of starting and running a business.
SMEs (small and medium-sized enterpris…
Refers to all businesses with fewer than 500 employees.
11 terms
Chapter 7 Small Business and Entrepreneurship: Economic Rocket Fuel
Entrepreneurs
Internal locus of control
External locus of control
Alternative lenders
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Typically private firms that charge very high interest rates,…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal locus of control
A deep-seated sense that the individual is personally respons…
46 terms
Chapter 7: Entrepreneurship and Stating a Small Business
Entrepreneurship
Entrepreneurial Team
Micro-enterprises
Micropreneurs
Accepting the challenge of starting and running a business
Group of experienced people from different areas of business…
Small business defined as having one to four employees
Small-business owners with fewer than five employees
Entrepreneurship
Accepting the challenge of starting and running a business
Entrepreneurial Team
Group of experienced people from different areas of business…
10 terms
Chapter 7 Key Terms: Small Business and Entrepreneurship: Economic Rocket Fuel
Entrepreneurs
Internal Locus of Control
External Locus of Control
Angel Investors
People who risk their time, money, and other resources to sta…
A deep seated sense that the individual is personally respons…
A deep seated sense that forces other than the individual are…
Individuals who invest in start up companies with high growth…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal Locus of Control
A deep seated sense that the individual is personally respons…
25 terms
Ch 7: Small Business and Entrepreneurship
entrepreneurs
advantages of business ownership
internal locus of control
external locus of control
people who risk their time, money, and other resources to sta…
far outweighs the risk and hard work for the right person... g…
a deep seated sense that the individual is personally respons…
a deep seated sense that forces other than the individual are…
entrepreneurs
people who risk their time, money, and other resources to sta…
advantages of business ownership
far outweighs the risk and hard work for the right person... g…
16 terms
Chapter 7: Small Business and Entrepreneurship: Economic Rocket Fuel
Reasons to Launch Small Business
Entrepreneurs
Vision
Entrepreneurial Characteristics
Financial Success, Independence, Flexibility, Challenge, Surv…
Aim to change the world through blockbuster goods or services
Bringing out new ideas and solutions
Energy, Confidence, Tolerance of Uncertainty and tolerance of…
Reasons to Launch Small Business
Financial Success, Independence, Flexibility, Challenge, Surv…
Entrepreneurs
Aim to change the world through blockbuster goods or services
10 terms
Bus Ch 7 Small Business and Entrepreneurship
entrepreneurs
internal locus of control
external locus of control
angel investors
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that forces other than the individual are…
individuals who invest in start-up companies with high grow
entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
10 terms
Chapter 7: Small Business and Entrepreneurship: Economic Rocket Fuel
entrepreneurs
internal locus of control
external locus of control
angel investors
people who risk their time, money, and other resources to sta…
a deep-seated sense that the individual is personally respons…
a deep-seated sense that focuses other than the individual ar…
individuals who invest in start-up companies with high growth…
entrepreneurs
people who risk their time, money, and other resources to sta…
internal locus of control
a deep-seated sense that the individual is personally respons…
10 terms
ch7 Small Business and Entrepreneurship
Entrepreneurs
Internal locus of controls
External locus of controls
Angel Investors
People who risk their time, money and other resources to star…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other individual are responsi…
individuals who invest in start-up companies with high growth…
Entrepreneurs
People who risk their time, money and other resources to star…
Internal locus of controls
A deep-seated sense that the individual is personally respons…
24 terms
Chapter 7 Small Business and Entrepreneurship: Economic Rocket Fuel
angel investors
business plan
E-commerce
Entrepreneur
Individuals who invest in start-up companies with high growth…
A formal document that describes a business concept, outlines…
allows you to open virtual... storefronts
Greater financial success than working for someone else.... Ind…
angel investors
Individuals who invest in start-up companies with high growth…
business plan
A formal document that describes a business concept, outlines…
Chapter 7 small business and entrepreneurship: economic rocket fuel
Reasons to launch small business
Entrepreneur
Entrepreneurial mindset and characteri…
Funding options for small business
Financial success ... Independence ... Flexibility ... Challenge ... Surv…
Innovator inside a company
Mindset: Attitude to change the world through goods and servi…
-personal resources ... -Loans ... -Alternative lenders ... -Angle inv…
Reasons to launch small business
Financial success ... Independence ... Flexibility ... Challenge ... Surv…
Entrepreneur
Innovator inside a company
Chapter 7. Small Business and Entrepreneurship: Economic Rocket Fuel
venture capital firms
angel investors
business plan
entrepreneurs
Companies that invest in start-up businesses with high growth…
Individuals who invest in start-up companies with high growth…
A formal document that describes a business concept, outlines…
People who risk their time, money, and other resources to sta…
venture capital firms
Companies that invest in start-up businesses with high growth…
angel investors
Individuals who invest in start-up companies with high growth…
18 terms
Ch 7 - Entrepreneurship and Small Business
Entrepreneurship:
Why are people willing to become an en…
Entrepreneurial team:
Micro-entrepreneurs:
accepting the challenge of starting and running a business
• Work-life balance - stay home and work at the same time ... •…
group of experienced people from different areas of business…
a small business defined as having fewer than 5 employees
Entrepreneurship:
accepting the challenge of starting and running a business
Why are people willing to become an en…
• Work-life balance - stay home and work at the same time ... •…
Entrepreneurship & Small Business Management
Wants
Needs
Goods
Services
things that add comfort and pleasure to your life - ex: desig…
things that are required in order to live - ex: food, water
products you can purchase to meet your wants and needs; thing…
activities provided for the satisfaction of others that are c…
Wants
things that add comfort and pleasure to your life - ex: desig…
Needs
things that are required in order to live - ex: food, water
12 terms
Chapter 5: Small Business, Entrepreneurship, and Franchises
business plan
franchise
franchisee
franchising
a carefully constructed guide for the person starting a busin…
a license to operate an individually owned business as though…
a person or organization purchasing a franchise
the actual granting of a franchise
business plan
a carefully constructed guide for the person starting a busin…
franchise
a license to operate an individually owned business as though…
21 terms
Small business and entrepreneurship chapter 1
Entrepreneuial opportunity
Entrepreneur
Bootstrapping
Mentor
An economically attractive and timely opportiunity that creat…
A person who relentlessly pursues an opportunity, in either a…
Doing more wioth less oin terms of resource invested ina busi…
A knowledgeable person who can offer guidance based on experi…
Entrepreneuial opportunity
An economically attractive and timely opportiunity that creat…
Entrepreneur
A person who relentlessly pursues an opportunity, in either a…
Foundations Ch 7 -Small Business and Entrepreneurship
Entrepreneurs
Internal locus of control
External locus of control
Angel investors
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start-up companies with high growth…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal locus of control
A deep-seated sense that the individual is personally respons…
Chapter 7-12 Part 2 PLANNING: Entrepreneurship and Small Business
What are the characteristics of an ent…
Commitment and Determination
Leadership
Opportunity Obsession
1 Commitment and Determination... 2 Leadership... 3 Opportunity Obs…
Successful entrepreneurs are decisive, tenacious, disciplined…
They are self-starters, teambuilders, superior learners, and…
They have an intimate knowledge of customers' needs, are mark…
What are the characteristics of an ent…
1 Commitment and Determination... 2 Leadership... 3 Opportunity Obs…
Commitment and Determination
Successful entrepreneurs are decisive, tenacious, disciplined…
33 terms
Chapter 6: Entrepreneurship + Small Business
Entrepreneurship
Entrepreneurial Team
Micropreneurs
Affiliate Marketing
- Accepting risk of starting/running business ... Why: opportuni…
- Group of experienced people joining skills together to mark…
- Entrepreneurs willing to accept risk of business but also w…
- Online marketing strategy in which business rewards individ…
Entrepreneurship
- Accepting risk of starting/running business ... Why: opportuni…
Entrepreneurial Team
- Group of experienced people joining skills together to mark…
20 terms
Chapter 6 - Entrepreneurship and Small Business Management
Small Business Administration
venture capital
short-term financing
start-up financing
A government agency that helps small business owners develop…
Money provided by large investors to finance new products and…
The money needed to pay for the current operating activities…
The amount of money needed to open the business.
Small Business Administration
A government agency that helps small business owners develop…
venture capital
Money provided by large investors to finance new products and…
Ch. 7 - Small Business and Entrepreneurship
Entrepreneurs
Appeal of Entrepreneurship
Necessity Entrepreneurs
Entrepreneurial Characteristics
People who risk their time, money, and resources to start and…
1. Greater Financial Success... --Forbes 400 richest Americans l…
Launch their business because they believe it is their only e…
1. Vision... --Wildly excited about their own new ideas (and sta…
Entrepreneurs
People who risk their time, money, and resources to start and…
Appeal of Entrepreneurship
1. Greater Financial Success... --Forbes 400 richest Americans l…
10 terms
Small Business and Entrepreneurship Ch. 7
Entrepreneurs
Entrepreneurial mindset
Entrepreneurial characteristics
Key Reasons for Launching Small Business
People who risk their time, money and resources to start and…
An attitude with the goal of using the business no matter how…
-vision:... -energy:... -tolerance of uncertainty:... -self-reliance:…
Greater Financial Success, Independence, Flexibility, Challen…
Entrepreneurs
People who risk their time, money and resources to start and…
Entrepreneurial mindset
An attitude with the goal of using the business no matter how…
Ch. 7: Small Business and Entrepreneurship
Entrepreneurs
Internal locus of control
External locus of control
Angel investors
People who risk their time, money, and other resources to sta…
A deep-seated sense that the individual is personally respons…
A deep-seated sense that forces other than the individual are…
Individuals who invest in start-up businesses with high growt…
Entrepreneurs
People who risk their time, money, and other resources to sta…
Internal locus of control
A deep-seated sense that the individual is personally respons…
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