Entrepreneurship: Starting and Managing Your Own Business

According to the text, what percentage of the nearly 29.7 million businesses in the U.S. have no employees?

What is the primary distinction between a small-business owner and an entrepreneur?

What type of entrepreneur starts a business for personal satisfaction and plans to keep it small?

Which of the following describes an intrapreneur?

According to studies of the entrepreneurial personality, which trait describes their preference for leading rather than following?

The Kauffman Foundation reports that the five-year survival rate for new businesses reached a three-decade high of what percentage?

What is the first step in starting your own business, as suggested by the 'Getting Started' section?

What is the primary purpose of a business plan for an entrepreneur?

What are the two basic forms of business financing mentioned in the chapter?

Who are angel investors?

According to the Kauffman Foundation, what is the approximate failure rate for small businesses over a five-year period?

What are Export Management Companies (EMCs)?

Which of the following is listed as a primary reason for people to become entrepreneurs?

What is a major disadvantage for small businesses mentioned in the 'Why Stay Small?' section?

What is the primary mission of the Small Business Administration (SBA)?

What is the function of the Service Corps of Retired Executives (SCORE)?

In fiscal year 2017, what was the approximate value of loans the SBA backed for small businesses?

According to a study by the Kauffman Foundation, what percentage of new entrepreneurs falls between the ages of 55 and 64?

What amount of start-up funding was raised by 94 percent of business owners, as mentioned in the chapter?

In the context of financing, what is bootstrapping?

What is a key difference between angel investors and venture capitalists?

What is a noncompete clause in the context of buying an existing business?

According to the 'Executive summary' section of a business plan, what is its primary function?

What does the 'Marketing plan' section of a business plan typically outline?

What was the initial amount of savings Miho Inagi used to help open her bagel shop in Tokyo?

Which personal trait of entrepreneurs is described as understanding the challenges of business and being decisive in solving problems?

What percentage of U.S. businesses with 1 to 50 employees were owned by African Americans, reflecting a 50 percent increase between 1996 and 2015?

In the 'Snapshot of Small-Business Owners' section, what percentage of U.S. businesses have been in business for 11 or more years?

According to Table 5.5, what percentage of established small businesses (with fewer than 50 employees) have between 5 and 9 employees?

Which of the following is listed as a common cause of business closure related to the owner's capabilities?

What is the primary role of an outside certified public accountant (CPA) for a small business?

What is a key advantage small businesses have, as mentioned in the section 'Why Stay Small?'

What is the toll-free number for the Small Business Administration (SBA) that provides general information?

The New Markets Venture Capital Program from the SBA is designed to do what?

In fiscal year 2017, loans to minority business owners accounted for what percentage of the SBA's total loan portfolio?

What type of entrepreneurs thrive on the challenge of building a business and watching it grow, often starting a series of companies?

What is the most common reason cited by Inc. 500 CEOs for starting their companies?

What is the key characteristic of entrepreneurs who are described as 'Risk-takers'?

How many Small Business Investment Companies (SBICs) are licensed by the SBA, and how much do they provide annually in financing?

What is the core idea of the Kauffman Index of Main Street Entrepreneurship?

What portion of U.S. businesses are defined as new or start-up organizations versus purchased companies or franchises?

What did young entrepreneur Jack Bonneau secure to get working capital for his expanding lemonade stand business?

What does the chapter identify as a key reason for the recent increase in women-owned and minority-owned businesses?

How many states was Reef sandals present in, making it the world's hottest beach footwear?

What is the key takeaway from the 'Learning How to Pivot' case study about MailChimp?

What was the valuation of Philip Kimmey's dog-sitting network, Rover.com, in 2017?

According to the text, what is a primary reason that the number of women and minority business owners is increasing at a high rate?

What is the Kauffman Growth Entrepreneurship Index designed to measure?

What did the founders of MailChimp discover about their passion for work that led to their successful pivot?

How many women-owned businesses were there in the U.S. in 2016, and how much revenue did they generate?