Chapter #3-Section #2 Test Flashcards
(42 cards)
How many career changes does the average adult make?
Several major changes, and some will work for more than a dozen employers during the course of their employment
What group of visionaries blaze their own trails through the business world?
Entrepreneurs
What are some of the advantages of simply being an employee?
1) Show up for work on time
2) Do assigned tasks
3) Clock in and out
Not being able to come and go as you please, and having to obey your employer at work, makes your employee status similar to that of an ________________ ___________
Indentured servant
What are some of the advantages of owning your own business?
Your time is your own to determine when, where, or if you will work on any given day
What business structure is often a good one to start out with for a small business?
Sole proprietorship
Talking with various ______________ and ___________ ________ can be helpful in charting your own economic future
Employees; business owners
What life principle was spoken by Winston S. Churchill?
“Success is stumbling from failure to failure with no loss of enthusiasm.”
What is the overriding concept (or formula) that applies, regardless of what business is started?
Personal interest + consumer demand = profit
“Do what you love, and you will never work a day in your life” means…
If you enjoy what you do, it doesn’t seem like work
What you brainstorm for ideas about a business to start, what are the two concepts you should focus on first?
Interest and skills
How do many entrepreneurs acquire their skills?
By working as an employee for other people
____________ is always a career ______________, regardless of your career field, since ______________________ effectively can be used to strengthen your _______________ and ______________
Writing; booster
What do wise entrepreneurs do?
Look to see where technology is moving, and then try to be first to meet anticipated needs
Every ___________ venture must start out with a great deal of _________________ and a careful study of the _____
Business; research; data
What life principle was spoken by Steve Jobs?
“You have to be burning with an idea, or a problem, or a wrong that you want to right. If you’re not passionate enough from the start, you’ll never stick it out.”
Who benefits when you decide to start a business?
You, your family, and customers
Although getting started seems daunting, many talented people are ready to help you launch and run your business because they know that:
Small businesses drive the American economy
What is an excellent resource for doing research?
Library and internet
What is one of the most important components in searching for information online?
Asking the right questions
The more ____________ you target your search, the ____________ the likelihood that you will get to ______________ ____________ quicker
Precise; greater; relevant; content
What is the key to a successful career?
Becoming a voracious reader in your chosen field of interest
“Today a ____________, tomorrow a ____________.”
Reader; leader
What is one of the best resources available to help small business owners?
The U.S. Small Business Administration
