It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.ġ6. Inadequate early planning is often at the core of small business failures.ġ5.
The two sources for debt financing are angel investors and venture capitalists.ġ4. The most common use of a business plan is to persuade lenders and investors to finance the venture.ġ3. Unlike large corporations, sole proprietorships do not need a business plan.ġ2. The first step in starting your own business is the creation of a unique marketable idea.ġ1. More than half of small businesses have between one and four employees.ġ0. Established small businesses are defined as companies that have been in business at least fifteen years and employ between 50 to 500 employees.ĩ. A positive aspect of opening a small business is that it takes very little management skill because it is small.Ĩ. Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.ħ. Micropreneurs are entrepreneurs who start small and plan to stay small.Ħ. Entrepreneurs typically are innovators who start companies to pursue their ideas for a new product or service.ĥ. Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.Ĥ. Entrepreneurs, as a general group, dislike risk taking.ģ. An entrepreneur is a person who opens and manages his or her own business.Ģ. Chapter 5 ENTREPRENEURSHIP: STARTING AND MANAGING YOUR OWN BUSINESSġ) Chapter 5 ENTREPRENEURSHIP: STARTING AND MANAGING YOUR OWN BUSINESSġ).
0 kommentar(er)
