Becoming a Small Business Entrepreneur

What is Entrepreneurship?

• Job shadowing for customers
• The process of working under a boss
• The process of starting, organizing, managing, and assuming the responsibility for a business
• Working the cash

Describe Venture Capital

• Money that is taken from you and used for government use
• Loan from your personal bank
• Main office of a business
• Money provided by large investors to finance new products

True or False:
Innovation is an invention or creation that is brand new

• True
• False

Becoming an Entrepreneur starts with having ...

• Money
• An idea
• Name
• All of the above

What is financing...

• Providing funding for a person or enterprise
• A loan from a bank
• Saving Money
• Cashing out on a business

Small businesses are responsible for most....

• Financing
• Getting good reviews
• Keeping customers coming back
• New Employment

An improvement is a(n)...

• idea
• Starting over on your product
• designed change that increases the usefulness of a product, service, or product
• None of The Above

Many small businesses have an advantage over larger businesses because they are better able to _____

• Provide unique services to customers
• Market their products
• Raise large amounts of financial capital
• Mass produce products

A(n) ____ is an invention or creation that is brand new.

• Development
• Innovation
• Imporvement
• Advancement

Roughly what percentage of new jobs are created by businesses with fewer than 500 employees?

• 80 Percent
• 60 Percent
• 20 Percent
• 40 Percent