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Entrepreneurship Questions

Review the video entitled “Entrepreneurship and Starting a Small Business – Board Reach Sails” : For full credit, correctly fill in the blanks below and answer the 2 following questions: What is one thing you learned from the video that you didn’t already know about owning a small business? Would you still want to start a small business? What motivates you or turns you off to owning your own business? Fill-ins: Entrepreneurship – Accepting the _______________ of starting and running a business.  Not everyone will share your ________________________. Why do people become entrepreneurs?   ______________ vs. ______________ Many reasons become entrepreneurs are to live the American dream – doing something they are ____________________ about, and/or the ______________________ of being their own boss.   ______________________ prepared me to own my own business.   Some personality traits of being an entrepreneur include:   Some types of entrepreneurships are: ______________________      ______________________  3. _____________________   The importance of small businesses:                 Over ____ million in the US.                                       Create _____% of new jobs. Get at least ___ years of experiences, preferably working for a small business (comparable to the one you want to start).    Need to know two things:  How to run a _______   __________ and how to run _______ small business. _________   ____________________ is one of the primary reasons businesses fail.  If you ____________ to plan, you _____________ to fail. Know your _____________ and your _______________, which is critical to your success. When times are tight, you don’t _______________ people something you can do yourself.