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AES Entrepreneurship Flashcards | StudBud
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AES Entrepreneurship
AES Entrepreneurship
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Learning what makes a successful Entrepreneur.
Flashcards
8 cards
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Practice quiz
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Host live
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Questions
8
Answers
1
What are the Pros of buying an exisiting business?
Immediate profit
Fully trained staff
Long hours
Potential Lawsuit
2
What are the 3 Paths to Entrepreneurship?
Begin your own business
Run to a foreign country
Buy an existing business
Buy a Franchise.
3
What are the Cons starting a business?
Little or no income to start
Freedom to try something new
High Start up cost
Create your own business image
4
What are the Pros of buying an exisiting business?
Established Business
Exisiting Clients
Transfer fees
Cost of purchase
5
What is an Entrepreneur?
A person willing to take risk for financial gain.
A business owner who has no plan.
A person willing to be safe for financial loss.
A business owner with a plan.
6
What are the Pros in buying a franchise?
Name and brand recognized
Share part of the profits with the company
Expensive
Training for you and your employees
7
What are the Pros of buying an exisiting business?
Could ruin you financially
Existing Advertising
Room for Growth
Flexible schedule
8
What are the Cons starting a business?
Time consuming
Possibility of failure
Flexible hours
Pride in your accomplishments
