Koofers

Exam 2 (Nikki) - Flashcards

Flashcard Deck Information

Class:BA 1010 - Business & Society
Subject:Business Administration
University:Southern Utah University
Term:Fall Semester 2013
- of -
INCORRECT CORRECT
- INCORRECT     - CORRECT     - SKIPPED
Shuffle Remaining Cards Show Definitions First Take Quiz (NEW)
Hide Keyboard shortcuts
Next card
Previous card
Mark correct
Mark incorrect
Flip card
Start Over
Shuffle
      Mode:   CARDS LIST       ? pages   PRINT EXIT
Why take the risk of owning your own business?
  • American Dream
  • opportunity
  • independence
  • challenging
What does it take to be and entrepreneur?
  • Self-directed & Disciplined
  • Self-nurturing
  • Action-oriented
  • Highly energetic
  • Tolerant of uncertainty
Reasons for home-based business growth.
  • Technology
  • Corporate downsizing
  • Social attitudes
  • Tax advantages
How many small business are there in the U.S.? 26.8 Million
Generated by Koofers.com
How much does small business account for in the GDP? 50%
How many new jobs does small business account for? 60-80%
What percent of Americans has their first job at a small business? 80%
What section (demographic) are small business growing rapidly?

Minority and women


Generated by Koofers.com
What are the advantages of small over big businesses?
  • More personal customer service
  • The ability to respond quickly to opportunities
What are the main causes of failure for small businesses
  • Plunging in without testing
  • Little/ no experience
  • Trying to do too much with too little
  • Too little capital
  • Not understanding business cycles
What are ways you can learn from others in business?
  • Go to your local college for classes in business.
  • Talk to/ work for  successful & local entreprenurs
How much experience should you get in the field before opening your business? 3 years
Generated by Koofers.com
What are the components to a business plan?

Cover page  - Table of contentents

  1. Executive Summary
  2. Mission & Goals
  3. Backgroud info
  4. Originizational matters
  5. The marketing plan
  6. The final plan

Appendix

Generated by Koofers.com

List View: Terms & Definitions

  Hide All 13 Print
 
Front
Back
 Why take the risk of owning your own business?
  • American Dream
  • opportunity
  • independence
  • challenging
 What does it take to be and entrepreneur?
  • Self-directed & Disciplined
  • Self-nurturing
  • Action-oriented
  • Highly energetic
  • Tolerant of uncertainty
 Reasons for home-based business growth.
  • Technology
  • Corporate downsizing
  • Social attitudes
  • Tax advantages
 How many small business are there in the U.S.?26.8 Million
 How much does small business account for in the GDP?50%
 How many new jobs does small business account for?60-80%
 What percent of Americans has their first job at a small business?80%
 What section (demographic) are small business growing rapidly?

Minority and women


 What are the advantages of small over big businesses?
  • More personal customer service
  • The ability to respond quickly to opportunities
 What are the main causes of failure for small businesses
  • Plunging in without testing
  • Little/ no experience
  • Trying to do too much with too little
  • Too little capital
  • Not understanding business cycles
 What are ways you can learn from others in business?
  • Go to your local college for classes in business.
  • Talk to/ work for  successful & local entreprenurs
 How much experience should you get in the field before opening your business?3 years
 What are the components to a business plan?

Cover page  - Table of contentents

  1. Executive Summary
  2. Mission & Goals
  3. Backgroud info
  4. Originizational matters
  5. The marketing plan
  6. The final plan

Appendix

36, "/var/app/current/tmp/"