Entrepreneurship

How does the US Small Business Administration define entrepreneur?

Select the four of the five Ps of entrepreneurship

• People

• purpose

• profit

• price

• passion

How does the US Small Business Administration define small business in most industries?

Identify three resources an entrepreneur can use for business advice.

Why is it that many new businesses fail?

Why is it important for entrepreneurs to know their market?

What is an advantage of buying a franchise?

• already a proven business system

• free products/services

Choose the sections of a business plan.

• funding request

• company description

• dividend reports

• financial projections

What is a source of equity financing?

• inheritance check

• angel investors

• dividend payments

List three financial statements that should be included in the financial plans section of a business plan.