7.6 Differentiate between the types of business ownership.
Vocabulary:
Sole Proprietorship : Business Owned And Operated By One Person
Partnership : Business Owned By Two Or More People
Corporation : A Business That Is Registered By A State And Operates Apart From Its Owners
Vocabulary:
Sole Proprietorship : Business Owned And Operated By One Person
Partnership : Business Owned By Two Or More People
Corporation : A Business That Is Registered By A State And Operates Apart From Its Owners
Sole Propietorship :http://asbtdc.ualr.edu/business-information/1005-legal-forms-ownership.asp
Partnership:http://www.law.cornell.edu/wex/partnership
Corporation:http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Corporations
Partnership:http://www.law.cornell.edu/wex/partnership
Corporation:http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Corporations
7.1 Identify the unique characteristics,traits,and concepts of the successful entrepreneur.
Characteristics Of A Sucessful Entrepreneur
Characteristics Of A Sucessful Entrepreneur
- Persistent
- Creative
- Responsible
- Inquisitive
- Goal-Oriented
- Independent
- Self-demanding
- Self-Confident
- Risk-Taking
- Restless
- Action-Oriented
- Enthusiastic
7.3 Identify Components Of A Business Plan
Business Plan Components
Business Plan Components
- Executive Summary
- Management Team Play
- Compnay Description
- Product and Service Plan
- Vision and Mission Statements
- Industry Overview
- Market Analysis
- Competitive Analysis
- Marketing Plan
- Operational Plan
- Organizational Plan
- Financial Plan
- Growth Plan
- Contingency Plan
- Cover Page,Title Page,Table Of Contents, And Supporting Documents
Business Plan:http://www.entrepreneur.com/article/38308
7.2 Describe the Importance of developing and organizing a sucessful business plan
It is important to have a succesful business plan because without a sucessful business plan your business will not be able to operate sucessfully. There are various steps that you need to go through when planning your business and if you dont go through each one accurately your business may fail or may not start-up . Therfore, business planning is very important when organzing a business.
It is important to have a succesful business plan because without a sucessful business plan your business will not be able to operate sucessfully. There are various steps that you need to go through when planning your business and if you dont go through each one accurately your business may fail or may not start-up . Therfore, business planning is very important when organzing a business.