Career Chapter 15
Terms
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- Applying original or borrowed ideas to situations in which they have not been used before
- innovation
- What is the goal of government regulation of business?
- to balance the rights of individuals with the rights of business
- Interaction with other people
- human relations
- A business plan is a statement or report that defines your business and...........
- identifies its goals
- The ability to regulate your behavior and actions
- self-disipline
- Future entrepreneurs should plan their businesses around goods and services that..........
- they have confidence in
- A statement or report that defines a business and identifies its goal
- business plan
- What percentage of businesses in the United States are considered small?
- 99%
- An enterprise that is independently owned and operated and is not dominant in its field
- Small business
- An entrpreneur must respond to the needs of........
- employees and customers
- Skills that relate to handling all the financial aspects of a job or business
- Management skills
- Entrpreneurs are most successful in businesses that
- they find interesting and enjoyable
- A federal agency established to assit and protect small business
- SBA
- Because entrepreneurs are their own bosses, they........
- must have a great deal of self-discipline
- Skills that relate to knowledge of an industry, product or craft
- industry skills
- Resources for information on small businesses include.....
- SCORE, public libraries, trade associations (all of the above)
- Representation of small business interests before Congress and other federal agencies
- advocacy
- An entrepreneur should be...............
- a self-starter, emotionally strong, highly motivated (all of the above)
- A nonprofit agency with more than 13,000 volunteeer business executives who provide free counseling and training to small business owners
- SCORE
- Entrepreneurs can improve their chances of succeeding by.............
- planning more carefully