Module III Entrepreneurship

Stages of the Entrepreneurial process occur in this order . . .

An entrepreneur is accountable for his/her actions and does what is required

Long Range Planning occurs in this Stage which could be continuing the business or going under

Looking for employees to hire for the business occurs in this Stage

Conducting a demographic study of the business location occurs in this Stage

E-mailing a Questionnaire occurs in the

Entrepreneurs must make decisions and solve problems everyday. This is called

Entrepreneurs must have a basic understanding of the economy, management, marketing, finance

Entrepreneurs believe in themselves. This is called...

Entrepreneurs are curious about things and are not afraid to ask questions. This is called. . .

Conducting a taste test at supermarkets occurs in this Stage

Determining the likelihood of the venture's success or in other words, "can I make money?"

Entrepreneurs must get along with others & enjoy meeting and talking to people. This is called

Picking a location for the business occurs in this Stage

Researching Copyright protection for the business idea occurs in this Stage

Conducting a Grand Opening occurs in the

Entrepreneurs develop a plan of action and make decisions to achieve that plan. This is called

Applying for SBA (Small Business Association) Loans occurs in this Stage

Utilizes resources occurs in this Stage

Computer Skills are essential in almost every business. They are called

Applying for loans to finance the business occurs in this Stage

Entrepreneurs are constantly looking for new ways to solve problems. This is called being. . .

Studying market trends occurs in this Stage

Writing a Business Plan is in the

Basic arithemetic, record keeping skills, calculating profit & completing financial statements

Entrepreneurs look for challenging opportunities. They are not afraid to take risks.

Expansion Projects occur in this Stage

Investigating Patents for the business occurs in this Stage

Conducting daily business activities occurs in this Stage

Matching your skills with market trends occurs in this Stage

Issuing an IPO (Initial Public Offering) occurs in this Stage

Entrepreneurs want to make their own decisions. This is considered being. . .

Recognizes opportunities, generates ideas and performing surveys, all occur in this Stage

Entrepreneurs work until a job is done; they're determined to overcome problems & be successful

Entrepreneurs must be able to develop writing, speaking and listening skills which are called

Examining consumer needs occurs in this Stage

Going to work everyday occurs in this Stage

Creating a 5-year Business Plan per your curriculum occurs in this Stage

Listing potential investors for the business occurs in this Stage

Selecting a location for the business occurs in this Stage