U5L4 HW Intro to Bus

Here are some steps to follow to get started as an entrepreneur: 1) ________ 2) Figure out what type of business you’d run 3) Collect market data 4) Determine start-up costs and financing 5) Write a business plan Fill in the blank for step 1.

• Determine your skills/interests

• Register your business name

• Hire employees

• Launch your product

Here are some steps to follow to get started as an entrepreneur: 1) Determine your skills/interests 2) Figure out what type of business you’d run 3) ________ 4) Determine start-up costs and financing 5) Write a business plan Fill in the blank for step 3.

• Collect market data

• Hire employees

• Open a business bank account

• Launch your website

Here are some steps to follow to get started as an entrepreneur: 1) Determine your skills/interests 2) Figure out what type of business you’d run 3) Collect market data 4) ________ 5) Write a business plan Fill in the blank for step 4.

• Determine start-up costs and financing

• Hire employees for your business

• Launch your product immediately

• Ignore market competition

Here are some steps to follow to get started as an entrepreneur: 1) Determine your skills/interests 2) Figure out what type of business you’d run 3) Collect market data 4) Determine start-up costs and financing 5) ________ Fill in the blank for step 5.

• Write a business plan

• Hire employees immediately

• Open a bank account

• Launch a marketing campaign

What is something you love doing that could help you succeed in starting a business?

• A hobby or passion

• A disliked task

• A random activity

• A routine chore

Which type of business involves doing something for other businesses or consumers?

• Retail Business

• Service Business

• Manufacturing Business

• Not-for-Profit Organization

Which type of business sells goods by buying from producers and selling to consumers?

• Service Business

• Retail Business

• Manufacturing Business

• Not-for-Profit Organization

Which type of business meets a need of the community, such as charities or sporting associations?

• Service Business

• Retail Business

• Not-for-Profit Organization

• Manufacturing Business

Which type of business produces products and sells to distributors or consumers?

• Service Business

• Retail Business

• Not-for-Profit Organization

• Manufacturing Business

Fill in the blank: A ________ business is an example of a service business.

• carpet cleaning

• car manufacturing

• furniture making

• book publishing