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| Some personality traits an entrepreneur needs are: | need for achievement, need for independence, self-confidence, courage, creativity |
| Entrepreneurs need to control | their own destiny. |
| Learning to accept the coutcome of your actions | is the by-product of being an entrepreneur. |
| As an entrepreneur you can | use your own ideas. |
| Before starting a business you should: | research the business, know the amount of money it will take, the importance of a good location, and have a way to manage your inventory. |
| Establishing good credit policies | is important in operating a business. |
| You will need to limit the amount of money | you take out of the business. |
| Study the regulations for new business: | Federal regulations; wages health laws fair trade, State regulations; Licenses, permits, County or City Regulations; Zoning, inspection requirements, permits and licenses. |
| If you hire employess, | it is important to set up employment policies. |
| Draw up a partnership agreement if you have | a partner. |
| In most cases you will need to invest all of your personal savings to | start a new business. |
| Fifty percent of all new businesses fail with in the | first two years of operation. |
| There are risks involved in starting a business: | Personal risks and financial risks. |
| What kind of rewards can you expect: | make money, feel good about yourself. |
| There are different types of businesses: | provide services and others provide products. |
| It is important to research a business | before you start it. |
| Professionals | are ready to help you in areas you may not know about. |
| Many companies are willing to | design packaging and market your product the way you want. |
| Enrepreneurship means | to oraganize, manage and operate a small business. |
| Many people are not satisfied | with big businesses. |
