150 likes | 160 Views
Mesut Yavas Ondernemerschap en beheer van kleine bedrijven.
E N D
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT Ondernemerschapenbeheervan kleinebedrijven Mesut Yavas
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT Becoming an Entrepreneur Small Business Basics Starting a Small Business
Becoming an Entrepreneur ▪ Entrepreneur – ▪ Entrepreneurship –
Becoming an Entrepreneur ▪ Characteristics of Entrepreneurs Come from all _____ and _____ categories Varied levels of __________ Must have an understanding of business __________ Many entrepreneurs ask for ______ in starting a business See figure 6-1 (pg 128) for personality characteristics of successful entrepreneurs
Becoming an Entrepreneur ▪ Entrepreneurship and the Economy ________ Americans age 18-64 is involved in some type of entrepreneurship activity Over _____ of new jobs were created by businesses with fewer than 500 employees Business with a single owner account for more than __________in sales annually Small businesses are responsible for more than ______ of the U.S. GDP
Becoming an Entrepreneur ▪ Financing a Small Business Most of the money needed to start a new business comes from the ___________ or his or her ______ and __________ Venture Capital – Loans from _______ and credit given by _______ are other sources of financing
Becoming an Entrepreneur ▪ Business opportunities Innovation– Improvement– ▪ Business risks
Small Business Basics ▪ Small Business – ▪ ________ of all U.S. businesses are small businesses ▪ A Typical Small Business: Is managed by the _______ Serves a _____________ Operates is one or very few _________ Is _____ _________ in its field
Small Business Basics ▪ Small Business Advantages Can _________ in areas big businesses can’t/won’t Serve fewer _________ and have more contact with them than big businesses More likely to be located close to their customers Can provide more individual __________ Can get more immediate _________ from customers regarding their wants and needs
Small Business Basics ▪ Common Small Business Problems ▪ Small businesses have a high failure rate.
Small Business Basics ▪ Small Business Assistance University and college professors Chamber of Commerce Small Business Administration (SBA) – Service Corps of Retired Executives (SCORE)
Starting a Small Business ▪ Start with an _______ Hobbies, interests, business experiences ▪ Find the right ______ to open the business ▪ Assemble a ______ Employees, service providers (accountant, lawyer, etc.) ▪ Prepare and _________ ▪ Develop a _________ _____
Starting a Small Business ▪ Business Plan – Description of the business (products and services, location, goals) Ownership structure Customer analysis (sales forecast) Operations plan Marketing plan Financial plan (budget, sources of financing, start- up costs, projected financial statements)
Starting a Small Business ▪ Most popular use of a business plan is to _______ __________ __________________–the amount of money needed to open the business (inventory, supplies, licenses) __________________–the money needed to pay for the current operating activities of the business; less than one year __________________–the money needed for the main resources of the business that will last for many years (land, buildings, equipment) ▪ Sources of financing include a combination of owner-supplied funds and borrowed funds