Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

SBModule1

Overview of Small Business

QuestionAnswer
Entrepreneur An individual who undertakes the risk associated with creating, organizing, and owning a business.
Entrepreneurship The process of starting and operating one's own business.
Venture A business undertaking involving risk.
Small business Sometimes referred to as "mom and pop" businesses. Generally started to create jobs for the owners.
Mission Statement A written description of the purpose of a company and the management’s philosophy (one or two brief paragraphs).
Opportunity An idea that has commercial value.
Manager An employee who coordinates people, processes, and other resources of a business in order for the business to achieve success and make a profit.
Persistent characteristic of an entrepreneur; work until the job is done; determined to overcome problems and to pursue their goals in order to make their business successful
Creative Characteristic of an entrepreneur; constantly looking for new ways to solve problems
Responsible Characteristic of an entrepreneur; accountable for his/her actions and does what is required.
Inquisitive Characteristic of an entrepreneur; curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.
Goal-oriented Characteristic of an entrepreneur; develop a plan of action and must make decisions to help achieve that plan.
Independent Characteristic of an entrepreneur; want to make their own decisions. They set their own schedules and are able to work without supervision.
Self-demanding Characteristic of an entrepreneur; set high expectations of themselves and strive to meet those expectations.
Self-confident Characteristic of an entrepreneur; believe in themselves.
Risk-takers Entrepreneurs need this skill to look for challenging opportunities. They are not afraid to take risks.
Action-oriented Entrepreneurs need this skill decisions and act on those decisions.
Communication skills Entrepreneurs need this skill in order to gather the information necessary to organize and run their business. Entrepreneurs must develop writing, speaking, and listening skills.
Human relations skills Entrepreneurs need this skill to get along with others and enjoy meeting and talking to people.
Math skills Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements.
Problem-solving and decision-making skills Entrepreneurs need this skill to make decisions and solve problems every day.
Technical skills Computer skills are essential in almost every business. The use of word-processing, spreadsheets, databases, and email will enhance the operation of most businesses.
Basic business skills Entrepreneurs need this skill to have a basic understanding of how the economy works and of the fundamental concepts of finance, marketing, and management in order to help ensure the success of their business.
Created by: mrsljohnson
Popular Management sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards