Ch 6 Intro to business Entrepreneurship And Starting A Small Bus Crossword
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Down:
1) A detailed written statement that describes the nature of the business, the target market, the advantages the business will have relation to competition, and the resources and qualifications of the owner(s).5) People with unsatisfied wants and needs who have both the resources and willingness to buy.6) Entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle. 8) Specific geographic areas to which a government tries to attract private business investment by offering lower taxes and other government support.12) A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size ( set by the small business administration) in terms of employees or annual receipts. 15) Centers the offer new businesses low-cost offices with basic business services. |
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2) A new entrepreneur has several potential sources of capital: Personal savings, relatives, former employers, banks, finance companies, venture capitalists, government agencies, and more. Personal loans.3) Help can come from many sources: accountants, lawyers, marketing researchers, loan officers, insurance agents, and the SPA, SBDC'S, SBICS and even college professors.4) An SBA office with volunteers from industry, trade associations, And other education who councils small businesses at no cost (except for expenses) 7) Micropreneurs are people willing to accept the risk of starting and managing the type of business that remains small, lets the do the kind of work they want to do, and offer them a balanced lifestyle.9) A group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product. 10) They have formed Entrepreneurial teams with expertise in the many skills needed to start and manage a business. 11) A program through which private investment companies licence by the small business administration lend money to small businesses. 13) Cover letter, Executive summary, company background, management team, financial plan, capital required, marketing plan, vocation analysis, manufacturing plan, and appendix.14) Many small businesses fail because of managerial incompetence and inadequate of financial planning. 16) First, learn from others. Take courses and talk to some small-business owners.Second, get some experience working for others. Third, take over a successful firm. Finally, Study the latest and small businesses management techniques, including the use of computers for functions like payroll, inventory control, and mailing list. 17) Successful Entrepreneurs are self-directed, self-nurturing, action-oriented, highly energetic, tolerant of uncertainty. 18) An internet - based marketing strategy in which a business rewards individuals or other businesses (affiliates) for each visitor that comes to visit the website. 19) Individuals or companies that invest in new business in exchange for partial ownership of those businesses. 20) The small business administration defines a small business as one that is independently owned and operated and not dominant in its field of operation, and that meets certain standards of size in terms of employees or sales ( depending on the size of others in the industry).21) Accepting the risk of starting and running a business.22) Creative people who work as entrepreneurs within corporations. |
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