Entrepreneurship

Front

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

Back

Entrepreneur

Front

The process of starting and managing your own business.

Back

Entrepreneurship

Front

This is an advantage of Entrepreneurship

• Flexible work hours
• You are your own boss
• Recognition
• Do something that you always wanted to do
• All of the above

Back

All of the above

Front

Disadvantages of entrepreneurship?

Back

Potential for high income

Front

This is a business owned by one person

Back

Sole Proprietorship

Front

This is a business owned by two or more people

Back

Partnership

Front

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.

Back

Corporation

Front

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

Back

Franchise

Front

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).

Back

Limited Liability Company

Front

Ways to enter a business: Open a new business, Buy an existing business, Buy a franchise, Join the family business, All of the above

Back

All of the above