Intro to Entrepreneurship & Small Business

Entrepreneur

• Someone who creates and owns a business.

• The chance that something bad could happen to an entrepreneur, including loss of time and money.

• entrepreneurs decide to take after carefully considering the likely costs and benefits.

Risk

• The chance that something bad could happen to an entrepreneur, including loss of time and money.

• entrepreneurs decide to take after carefully considering the likely costs and benefits.

• A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

Reward

• Someone who creates and owns a business.

• The chance that something bad could happen to an entrepreneur, including loss of time and money.

• What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community.

Calculated Risk

• a business structure that allows the owners of a business to become legally separate from the business itself.

• Chances entrepreneurs decide to take after carefully considering the likely costs and benefits.

• An organization that provides products or services, usually to make money.

Small Business

• What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community

• A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

• The chance that something bad could happen to an entrepreneur, including loss of time and money.

Business

• An organization that provides products or services, usually to make money.

• A business with fewer workers and customers, and lower revenue compared to many similar businesses, like chains. For example: a family owned neighborhood Mexican restaurant would be a small business, whereas Taco Bell is a much larger chain. Most startups begin as small businesses.

• Someone who creates and owns a business.

Financing

• The trading of items or services between businesses.

• Raising money to launch a business; often in exchange for equity and/or paying back with interest.

• Raising money to launch a business; often in exchange for equity and/or paying back with interest.

Startup

• A new venture trying to discover a profitable business for success.

• the process of starting, organizing, managing, and assuming the responsibility for a business

• What entrepreneurs might gain when starting a business, including money, personal satisfaction, independence, or positive impact on the economy or community

Independence

• freedom from the influence, control, or determination of another or others.

• An organization that provides products or services, usually to make money.

• Someone who creates and owns a business.

Risk of being an entrepreneur

• Final say in business decisions

• Doing what you love

• Independence

• Business failure