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Study sets matching "quiz chapter 7 small business entrepreneurship"

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Study sets matching "quiz chapter 7 small business entrepreneurship"

8 terms
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…
11 terms
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…
11 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…
10 terms
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…
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…
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…
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…
25 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 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…
11 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…
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…
20 terms
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…
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…
8 terms
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…
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…
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…
14 terms
Chapter 7 Entrepreneurship and Starting a Small Business
Entrepreneurship
Entrepreneurial ventures differ from s…
Six Reasons People Take The Entreprene…
Entrepreneurial Attributes
accepting the challenge of starting and running a business
1) Amount of wealth creation... 2) Speed of wealth creation... 3) R…
1) New Idea, Process, or Product - Some entrepreneurs are dri…
1) Self-directed... 2) Determined... 3) Action-Oriented... 4) Highly E…
Entrepreneurship
accepting the challenge of starting and running a business
Entrepreneurial ventures differ from s…
1) Amount of wealth creation... 2) Speed of wealth creation... 3) R…
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…
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…
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…
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…
12 terms
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
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…
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…
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…
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…
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
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…
11 terms
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…
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…
34 terms
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
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…
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…
9 terms
CHAPTER 6:ENTREPRENEURSHIP & SMALL BUSINESS
entrepreneur
entrepreneurship
venture capital
innovation
a person who organizes and operates an enterprise, especially…
the development of a business from the ground up coming up wi…
capital invested in a project in which there is a substantial…
the process of innovating or change;alteration
entrepreneur
a person who organizes and operates an enterprise, especially…
entrepreneurship
the development of a business from the ground up coming up wi…
18 terms
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…
10 terms
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…
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…
22 terms
Entrepreneurship and Small Businesses Chapter 6
Entrepreneur
Entrepreneurship
Venture Capital
Innovation
Someone who takes a risk in starting a business to earn a pro…
The process of starting, organizing, managing, and assuming t…
Money provided by large investors to finance new products and…
An invention or creation that is brand new.
Entrepreneur
Someone who takes a risk in starting a business to earn a pro…
Entrepreneurship
The process of starting, organizing, managing, and assuming t…
6 terms
Chapter 5: Entrepreneurship and Small Business
Entrepeneurship
Virtual Business or Dot Com Company
Entrepeneur
Risk Taker
Accepting the risk of starting a business, or a business star…
A company that does business only on the Internet
A person who recognizes a business oppurtunity and assumes th…
Someone willing to take chances in business, considered a key…
Entrepeneurship
Accepting the risk of starting a business, or a business star…
Virtual Business or Dot Com Company
A company that does business only on the Internet
27 terms
Chapter 6: Entrepreneurship & small business
entrepreneurs
types of entrepreneurs
Classic entrepreneurs
Micropreneurs
a person who organizes and/or owns a business or businesses;…
classic, multipreneurs & intrapreneurs
accept risk, start businesses for lifestyle/personal satisfac…
start small; plan to stay small
entrepreneurs
a person who organizes and/or owns a business or businesses;…
types of entrepreneurs
classic, multipreneurs & intrapreneurs
21 terms
Chapter 6- Entrepreneurship and Small Business
Entrepreneurs
Classic Entrepreneurs
Multipreneurs
Intrapreneurs
people with vision, drive, and creativity who are willing to…
Risk takers who start their own companies
Ent who start a series of companies
Employees who apply their creativity, vision, and knowledge w…
Entrepreneurs
people with vision, drive, and creativity who are willing to…
Classic Entrepreneurs
Risk takers who start their own companies
10 terms
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 startup 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…
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