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The process of starting, organizing, managing, and assuming the responsibility for a business.

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The process of starting, organizing, managing, and assuming the responsibility for a business.
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The process of starting, organizing, managing, and assuming the responsibility for a business.
The process of starting, organizing, managing, and assuming the responsibility for a business.

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Intro to Business

AB
entreprenuer someone who takes a risk in starting a business to earn a profit.
entrepreneurship The process of starting, organizing, managing, and assuming the responsibility for a business.
venture capital Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
innovation An invention or creation that is brand new.
improvement A designed change that increases the usefulness of a product, service, or process.
small business An independent business with fewer than 500 employees.
business plan A written description of the business idea and how it will be carried out.
start-up financing The amount of money needed to open the business.
short-term financing The money needed to pay for the current operating activities of a business.
long-term financing Money needed for the main resources of a business.
True T/F One of the main reasons that businesses started by entrepreneurs fail is inadequate capital.
False T/F Everyone who owns or manages a business is an enreprneur
False T/F The primary reason that businesses started by entrepreneurs close is disagreements with business partners.

The process of starting, organizing, managing, and assuming the responsibility for a business.

The process of starting, organizing, managing, and assuming the responsibility for a business.

The process of starting, organizing, managing, and assuming the responsibility for a business.

Mrs. Ledall

Business Instructor

Valley High School

Gilcrest , CO
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What is the most common use for a business plan?

The most common use of a business plan is persuading investors, lenders, or both, to provide financing. These two groups look for different things. Investors are particularly interested in the quality of your business concept and the ability of management to make your venture successful.

Is everyone who owns a business an entrepreneur?

All entrepreneurs are small business owners at some point, but not all small business owners are entrepreneurs.

Which term refers to the amount of money you need to start a business?

What Is Startup Capital? The term startup capital refers to the money raised by a new company in order to meet its initial costs. Entrepreneurs who want to raise startup capital have to create a solid business plan or build a prototype in order to sell the idea.

What is the term for someone who organizes and then runs a business?

The Merriam-Webster Dictionary defines an entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” This definition hardly seems to require an advanced degree or some special initiative.

process starting organizing managing assuming responsibility business

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