Exam 6: Managing Start-Ups and New Ventures

A(n)___________________ is characterised as someone who gets personal satisfaction from being a business owner.

An entrepreneur:

According to the 'five types of small business owners',a(n)__________________ is characterised as being rewarded by chance to work on something new and creative.

Identify the 10 fundamental characteristics that research has shown exists in an effective business plan.

A _________________ is an unincorporated business carried on by two or more people together,for the purpose of making a profit.

In developing a new method of farming abalone,principally for the Asian market,Steve Cooper's innovation depicts him as an ____________.

Funding from a large number of investors giving small amounts of money,typically through social media and Internet is known as a(n):

The drawbacks of proprietorship include unlimited liability and difficulty in obtaining financing.

During the _________________________ (two words)stage,the business has made substantial financial gains,but it may start to lose the advantages of small size,including flexibility and the entrepreneurial spirit.

The management should insist on formal,structured meetings in order to encourage intrapreneurship in an organisation.

Social entrepreneurs are leaders who are committed to positive social change.

If an individual believes that their future is within their control and that external forces will have little influence on the outcomes of their decisions they are said to have an external locus of control.

An independent company producing a product or service similar to that produced by the entrepreneur's former employer is known as a sole proprietor.

______________________ are leaders who are committed to both good business and positive social change.

A(n)____________________ (three words)is a human quality linked to entrepreneurship in which people are motivated to excel and pick situations in which they are likely to succeed.

A(n)_________________________________(three words)is a group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits.

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

Borrowing money that has to be repaid in order to start a business is known as:

Entrepreneurs are able to:

At which stage of growth is the company if it is solidly based and profitable?