Exam 6: Managing Start-Ups and New Ventures

All the following are typical reasons that small business ventures fail,except:

____________________ is an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.

Colin is an entrepreneur.At this stage of his company's growth,his main concerns are whether he has enough customers and money.What stage of growth is Colin's company in?

______________________ (two words)combines creativity,business acumen,passion and hard work of the traditional entrepreneur with a mission to change the world for the better.

A(n)________________________________ is an independent company producing a product or service similar to that produced by the entrepreneur's former employer.

The small-business owner who has high energy and enjoys handling the everyday tasks of their own business is considered to be in the 'hard worker' entrepreneur category.

A legal entity created and registered by the government and existing apart from its owners is known as a company.

Before opening his own photographic retail outlet,Steve was writing a report that details the specifics of his ideas and future business operations.This document is known as a:

____________________ financing consists of funds that are invested in exchange for ownership in the company.

Define the terms 'sole proprietorship' and 'partnership' and 'company'.

The psychological characteristic that allows a person to be untroubled by disorder and uncertainty is called:

The business incubator:

A(n)____________________ (four words)is the belief by individuals that their future is not within their control but rather is influenced by external forces.

The small-business owner who has high energy and enjoys handling the everyday tasks of their own business is considered to be in the 'juggler' entrepreneur category.

Borrowing money that has to be repaid at a later date in order to start a business is ______________________________________(two words).

_____________________ refers to a process where funding comes from a large number of investors who each provide small amounts of money,typically through social media and the Internet.

In order,entrepreneurial businesses go through the following distinct stages of growth: start up,success,survival,take off and resource maturity.

Define a corporation and briefly discuss the primary advantages and disadvantages of forming a corporation.

In order for an innovation to succeed in the marketplace in must pass all of the following 'tests',except:

Define the terms 'debt financing' and 'angel financing'; 'equity financing' and 'venture capital'.