Lesson 675 of 1524
Entrepreneurship: Starting and Managing Your Own Business
There are over 36 million small businesses in the United States
Practice this chapterThere are over 36 million small businesses in the United States Brothers Fernando and Santiago Aguerre exhibited entrepreneurial tendencies at an early age.
At 8 and 9 years old respectively, they sold strawberries and radishes from a vacant lot near their parents’ home in Plata del Mar on the Atlantic coast of Argentina. At 11 and 12, they provided a surfboard repair service from their garage.
entrepreneurs — People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit, or greatly changing the scope and direction of an…. small business — A business with under 500 employees that is independently managed, is owned by an individual or a small group of investors, is based locally, and is not a dominant company in its…. Small Business Investment Company (SBIC) — Privately owned and managed investment companies that are licensed by the Small Business Administration and provide long-term financing for small businesses. angel investors — Individual investors or groups of experienced investors who provide financing for start-up businesses by investing their own funds.
Be able to describe several types of entrepreneurs; describe the personality traits and skills characteristic of successful entrepreneurs.
Worked example
What does “entrepreneurs” mean in Entrepreneurship: Starting and Managing Your Own Business?
- 1Use the wording this chapter gives for entrepreneurs.
- 2The book says: People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit, or greatly changing the scope and direction of an….
- 3Do not use the meaning of small business. That term means A business with under 500 employees that is independently managed, is owned by an individual or a small group of investors, is based locally, and is not a dominant company in its….
Result: People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit, or greatly changing the scope and direction of an…
Why. That is the meaning this chapter gives for entrepreneurs.
Do not swap entrepreneurs and small business. entrepreneurs means People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit, or greatly changing the scope and direction of an…. small business means A business with under 500 employees that is independently managed, is owned by an individual or a small group of investors, is based locally, and is not a dominant company in its….
Practice margin
This chapter
A fresh set from this chapter only. Choose 10 or 20. Multiple choice and fill-in, with no repeat inside the set.