| A | B |
|---|
| close | In the United States, nearly as many small businesses do this as open each year |
| all | Although many entrepreneurship opportunities emerge from inventions and innovations, NOT ______ do |
| FEW | ______ new businesses are successful and show a profit ten years after they were started |
| locations | Many small businesses fail simply due to a bad one of THESE |
| 38 | women own close to this percentage of small businesses |
| creative | Successful entrepreneurs tend to be energetic, goal-oriented, ___________. |
| age | Entrepreneurs come from all _____ categories and educational backgrounds. |
| personal savings and credit. | Most of the money needed to start a new business comes from THIS |
| 40-50 | Small businesses account for what percentage of the U.S. gross domestic product each year. |
| improvement | adding a new ingredient to a product to make it better is an example of THIS |
| 1/3 | about THIS many businesses are profitable, about the same do not make a profit but continue to operate, and about the same lose money |
| 99.9 percent | In the United States, what percentage of businesses are considered small businesses |
| dominant | A typical small business is not THIS in its field |
| individual attention | Small businesses have an advantage over big businesses when customers want more of THIS |
| small business | Most of these owners establish good working relationships with professionals such as bankers, lawyers, and accountants. |
| description of the business | The element of a business plan discusses the entrepreneur’s short- and long-term goals for the business |
| operations plan | THIS section of the business plan would include:organization of the company, human resource plans, & an analysis of resources needed |
| gather and review | The first step in developing a business plan is to do THIS with information |
| one | Short-term financing is obtained for a period of less than THIS many years |
| entrepreneur | someone who takes a risk in starting a business to earn a profit. |
| venture capital | money provided by large investors to finance new products and new business that have a good chance to succeed. |
| innovation | an invention or creation that is brand new. |
| high school | Almost all people starting small businesses have graduated from THIS |
| SBA | a U.S. government agency that helps small business owners obtain financing and other support for their companies |
| business plan | a written description of a business idea and how it will be carried out. |
| start up financing | The amount of money needed to open a business |
| inventory | Products or raw materials a business keeps on hand to do business |
| short term financing | Money needed to pay for the current operating activities of a business |
| long term | THIS financing is money needed for the main resources of a business that will last for many years. |
| one year | Most business plans are developed for THIS long |
