| A | B |
|---|
| Entrepreneurs | goal-oriented individuals who set high personal standards for themselves |
| executive summary | section of business plan usually determines if potential investors will continue reading the rest of the business plan for a proposed business |
| college degree | helpful but not absolutely necessary for to become an entreprebeur |
| skills | top priority for successful entrepreneurs are having good communication __________ |
| human resources | group responsible for providing training to prepare people for their jobs |
| fringe benefits | these may differ depending on employees' status or position within company |
| outsourced jobs | subcontracted to other businesses that will provide the service |
| human resources | group in charge of employee performance management |
| risk | may result from overcrowding and rowdy behaviors of the fans |
| common concert risks | Crowd surfing, stage diving, and moshing |
| sports/entertainment | THESE venues have many opportunities for small businesses and sometimes subcontract jobs to small businesses |
| 1st 5 years | Statistics show that over half of new businesses fail within |
| executive summary | a brief description of the entrepreneur’s business idea |
| planning and staffing | Job analysis is part of this process |
| fringe benefits | life insurance, paid vacation, paid sick time, retirement savings, profti-sharing plans, health care, employee discount |
| cafeteria plan | allows employees to select from a choice of fringe benefits |
| entrepreneurs | individuals who take the risk of starting, owning, and operating a business |
| business plan | formal, written document that provides the details for a proposed new business |
| executive summary | the business plan describes in brief the entrepreneur’s business idea |
| sole proprietorship | a business owned and operated by one person |
| partnership | when two or more individuals sign an agreement to own and operate a business together |
| human resources | the employees who work for an organization |
| job analysis | study of a specific job to identify the duties and skill requirements of the job |
| probationary period | a test period of a few months to determine if they will fulfill the needs of the organization |
| Fringe benefits | extra incentives beyond salary and wages that employers are not required by law to provide |
| cafeteria plan | allows employees to pick and choose from various benefit options to best meet their needs |
| stage diving | occurs when a performer or fan dives from the stage into the crowd |
| moshing | a form of dance, often frenzied, in which people in a circle rotate while simultaneously slamming into each other |
