Entrepreneurship Ch 2

The risks of owning your own business are relatively small.

Competitors are a threat to the success of an entrepreneurs

Which of the following is an essential skill for an entrepreneur?

____ skills are the skills that entrepreneurs use regularly to set up and run a business.

Entrepreneurs that set goals, make decisions, and act on their decisions are _____.

___________ is the rivalry among businesses for consumer dollars.

A person with a inner feeling of of accomplishment and a record of success.

Being _______ is looking for new ways to solve old problems.

A truck is an example of business capital.

Entrepreneurs that make calculated decisions but are not reckless.

Entrepreneurs that achieve their goals and begin looking for new challenges are _______?

Nearly half of entrepreneurs were under 35 when they started their business.

Business owners should count on their employees to take care of their business.

Entrepreneurs should view setback or failures as a opportunity to ____.

Many business owners had parents or relatives that owned a business.

Being your own boss is the biggest reward of owning a business.

___ is anything of value in a business including buildings, equipment, supplies, cash, & tools.

Entrepreneurs that believe in themselves and trust in their abilities to make decisions are __?

Owners of a business do not really need to be at work a lot since they own the business.

Business owners can usually expect a consistent flow of profit when operating a business.

Entrepreneurs that are energetic and passionate about their pursuits.

Setting your own schedule is a reward of entrepreneurship.

One setback of owning your own business is you cant do what you love.

Entrepreneurs that have high expectations for themselves are said to be _______?

What is the amount of money a person puts into a business.

Being ____ means not passing off responsibilities and taking ownership of your actions.

Being ______ is working until a job gets done.

Its easier to be creative when you work for someone else than if you are an entrepreneur.

Entrepreneurs that set and achieve their goals.

People that want to know as much as possible about a business venture.