Chapter 5: Entrepreneurship

Online businesses

________ have the potential to attract a huge number of customers.

Entrepreneur

A(n) ________ is a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.

Small businesses

________ employ more than 50 percent of the U.S. workforce.

Executive summary

The ________ is a brief account of the key points contained in a business plan.

Chief executive

Corporations are run by a(n) ________ officer, who answers to a board of directors.

SBA

The ________ is a U.S. government agency that protects the interests of small businesses.

Data

________ are usually shown in financial statements.

Venture

A(n) ________ is a new business undertaking that involves risk.

Contingency plan

The ________ looks at likely risks to the business, such as lower- than- expected sales and emergencies that might affect it.

Growth plan

The ________ looks at how the business will expand in the future.

small business

A(n) ________ serves a limited geographic area and employs fewer than 500 people.

Management team plan

The ________ presents your qualifications and those of any partners you might have.

Business owners

________ are responsible for more than just decision making.

Competitive analysis

________ indicates how the proposed business has an advantage over its competitors.

virtual business

A(n) ________ or dot- com company is a business that operates on the Internet.

Organizational plan

________ looks at the people who will run the firm as well as managements philosophy.

Operational plan

The ________ includes the business processes that result in production and delivery of the product or service.

These traits include leadership, decision-making, self

discipline, planning, and people skills