Entrepreneurs are non-fixed income earners who pay known costs of production but earn uncertain incomes.

A combination of more than one existing products or services in to a new product or service. This means that several different ideas are combined in to one new product or service.

Obtaining the required resources, materials, technology, human or capital resources.

Is a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

Involved in the conversation of raw materials into products needed by society.

Those that provide service to other business.

Covers all activities involved in the sale of goods or services to the final consumers.

Refers to activities of person or establishments which sell to retailers and other merchants or to industrial, institutional and commercial users, but who do not sell in large amounts to final consumers.

Refers to the pattern of characteristics that distinguishes one person from another

Individual prefers activities involving aggressive behavior and physical exertion requiring skill, strength, and coordination.

Person enjoys working with helping others and purposefully avoids systematic activities involving tools and machinery.

Person enjoys the systematic manipulation of data, filing of records or reproducing materials.

Three Characteristics of Small Business

Advantages of operating a Small Business