| A | B |
|---|
| of all new businesses fail within the first two or three years of operation | 1/2 |
| Strong organizational skills and a spirit of adventure | personal characteristics of an entrepreneur |
| Increased self esteem and increased income | advantages of entrepreneurship |
| the greater the risk | the greater the reward |
| generate econmic growth faster than larger companies | small businesses |
| as many as 25% of US workers are | self-employed |
| good sources of research when making a decision to become an entrepreneur | friends, family, business people |
| method of entering business carries a high purchase price and high initial fees | buying an existing franchise business |
| being able to make business decisions quickly | advantage of being an entrepreneur |
| high stress level, possible setbacks | disadvantages of entrepreneurship |
| New businesses create _____% of new jobs | 80 |
| Most new businesses have restricted cash flow because of | start-up costs |
| A person who owns and operates a business | entrepreneur |
| An assessment of one’s personal qualities, abilities, and interests | self-assessment |
| The chance of loss | risk |
| life skills, personal characteristics, marketing knowledge | components of entrepreneur |
| play a key role in domestic economy | small-medium business owners |
| organization known for lending money to small businesses | SBA- Small Business Association |
| availability of technology, increased global communication, increasingly diversified society & market | trends have fostered the growth of entrepreneurship |
