Foods II Objective 4.01

Once entrepreneurs achieve their goals, they begin looking for new challenges

Region, State, country, City, and or area

Entrepreneurs are doers as opposed to spectators.  They make decisions and act on them

Entrepreneurs have high expectations of themselves

Entrepreneurs continually look for new ways to solve old problems

Age, gender, family size, family life cycle, income, occupation, education, religion, and race

A business owned and operated by one person

Need person to person telephone & written communication skills to gather information

They take responsibility for their decisions and actions

is legal agreement to begin new business in name of a recognized company

Entrepreneurs must be able to use technique for solving problems

Entrepreneurs want to make their own decisions

It is chartered by a state and legally operates apart from it owners

They seek opportunities that offer both a challenge and a reasonable chance of success.

They  are tenacious in overcoming obstacles and pursuing their goals.

Goals related to the business' product, pricing, promotion and place

personality, opinions, & lifestyle elements including activities and interests

Form of business organization where stock is sold to investors

Individual who undertakes the risk associated with creating organizing and owning a business

An idea that has commercial value

Skills in processes and technology of the business being created are important to entrepreneur

Need basic arithmetic and knowledge of standard business record keeping

Need skills to get along w/ people get cooperation & persuade others to their way of thinking

The people most likely to buy a specific product or service

Form of business ownership in which 2 or more people share assets, liabilities & profit

Entrepreneurs must be able to make decisions to establish a business 

Entrepreneurs decide where they want to go and then set out to get there

Entrepreneurs believe in themselves and act accordingly

Dividing total market into smaller groups w/ similar wants& needs & similar key characteristics

Need to know fundamental concepts of finance marketing&management to create successful business

They conduct research and ask questions to solve problems

A business undertaking involving risk