Entrepreneurship

A person who starts, manages, and owns a business.

• Entrepreneur

• Entrepreneurship

• Business

The process of starting and managing your own business.

• Entrepreneur

• Entrepreneurship

• Franchising

This is an advantage of Entreprenurship

• Flexible work hours

• You are your own boss

• Recognition

• Do something that you always wanted to d

• all of the above

The following are all disadvantage of entrepreneurship, EXCEPT?

• High risk of business failure.

• Possibility of low/no income

• Potential for high income

• Stress

• Long work hours

This is a business owned by one person

• Partnership

• Corporation

• Franchise

• Sole Proprietorship

• Limited Liability Company

This is a business owned by two or more people

• Partnership

• Corporation

• Franchise

• Sole Proprietorship

• Limited Liability Company

This is a legal entity owned by stockholders and operated by a board of directors It operates as a separate legal entity apart from the owners.

• Partnership

• Corporation

• Franchise

• Sole Proprietorship

• Limited Liability Company

The right or license granted by a company to an individual or group to market its products or services in a specific territory

• Partnership

• Corporation

• Franchise

• Sole Proprietorship

• Limited Liability Company

this is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are.

• Partnership

• Corporation

• Franchise

• Sole Proprietorship

• Limited Liability Company

Select all of the ways to enter a business

• Open a new business

• Buy an existing business

• Buy a franchise

• Join the family business

• All of the above