| A | B |
|---|
| Executive Summary | a brief description of the entrepreneur's business idea |
| 5 years | Over half of new businesses fail within |
| Entrepreneurs | don't usually have one or more college degrees |
| Exec. Summary | usually determines if potential investors will continue reading the rest of the business plan for a proposed business. |
| Norming | In workplace teams, conflicts and differences are resolved during this stage |
| Fringe benefits | Paid sick time, paid vacation, health insurance |
| Successful entrepreneurs | are self-confident, determined, independent |
| Entrepreneurs | are individuals who take the risk of starting, owning, and operating a business |
| Cafeteria Plan | allows employees to select from a choice of fringe benefits |
| Know the audience | For the successful presentation, the presenter must |
| Eye contact | is important and necessary for presentations |
| Salary | a specified amount paid annually for a job regardless of the number of hours worked. |
| S & E Venues | have many opportunities for small businesses and also subcontract jobs to entrepreneurs who specialize in marketing |
| Democratic | leader involves team members in the decision-making process and uses brainstorming as a way for employees to express their ideas |
| Probationary period | a test period of a few months to determine if they will fulfill the needs of the organization |
| Interpersonal skills | individual's character traits that allow him or her to work effectively with others |
| Adjourning | team tasks are completed to bring things to a closure and to disband the team |
| Small business HR | usually managed by the owner without a separate department |
| Cafeteria plan | allows employees to pick and choose from various benefit options to best meet their needs |
| Sole proprietorship | business owned and operated by one person |
| Successful presentations elements | goals, research, and knowing the audience |
| Job analysis | the study of a specific job to identify the duties and skill requirements of the job |
| Forming | creating the work team |
| Human resources | are employees who work for an organization |
| Business plan | a formal, written document that provides the details for a proposed new business |
| Job analysis | Part of the planning and staffing process |
| cohesion | the act or state of working, uniting, or sticking together |
| Clarification | involves offering back an interpretation of the meaning of a message and asking questions to make things clearer |
| Partnership | two or more individuals sign an agreement to own and operate a business together |
| Recognition | When a team or individual performs well, they should receive this as a thank-you for a job well done |
