Entrepreneurship Chapter 6

Money provided by large investors to finance new products and new businesses.

What percent of all Americans aged 18-64 is involved in some type of entrepreneurial activity?

Many entrepreneurs own their first business while in their 20's.

If 70% of your customers in the area are college age, what kind of business should you start?

What percentage of businesses in the U.S. are not small businesses?

Most Americans are employed by a small business.

An invention or creation that is brand new.

A government agency that helps entrepreneurs develop business plans and obtain financing.

A designed change that increases the usefulness of a product or service.

A small business is considered a business with less than how many employees?

A good example of an entrepreneur is a(n)...

What is the number one cause of business failures?

What percentage of U.S. businesses are owned by women?

Money needed to pay for the current operating activities of a business.

Most business plans are updated how often?

The part of the business plan that discusses sales forecasts and the location of the business.

Products or raw materials that a business keeps on hand.

Money needed for the business that will last for many years.

According to Mr. Eichelberger, what is wrong with Jaeden?

Personal characteristics of successful entrepreneurs include...