Chapter 6- Entrepreneurship And Management Flashcards by Ben Shipster

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People who are not in the formal workforce:

By choice
Homemakers
Pensioners
Unemployed
Philanthropists
Investors
Dismissed
Retrenched

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Types of entrepreneurial businesses:

Home-based
Survivalist
Micro
Small
Medium
Large

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Important factors to consider before starting a business:

Environmental scanning
Form of ownership
Establishment
Impact of general management

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Factors influencing choice of ownership:

Capital requirements
Formation procedures
Legal personal and liability for debts
Continuity of existence
Tax implications
Management factors

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Chapter 6- Entrepreneurship And Management Flashcards

(4 cards)