Starting and running a business.

  What is one thing you learned from the video that you didn’t already know about owning a small business? Would you still want to start a small business? What motivates you or turns you off to owning your own business? Fill-ins: Entrepreneurship – Accepting the _______________ of starting and running a business. Not everyone will share your ________________________. Why do people become entrepreneurs? ______________ vs. ______________ Many reasons become entrepreneurs are to live the American dream – doing something they are ____________________ about, and/or the ______________________ of being their own boss. ______________________ prepared me to own my own business. Some personality traits of being an entrepreneur include: Some types of entrepreneurships are: ______________________ ______________________ 3. _____________________ The importance of small businesses: Over ____ million in the US. Create _____% of new jobs. Get at least ___ years of experiences, preferably working for a small business (comparable to the one you want to start). Need to know two things: How to run a _______ __________ and how to run _______ small business. _________ ____________________ is one of the primary reasons businesses fail. If you ____________ to plan, you _____________ to fail. Know your _____________ and your _______________, which is critical to your success. When times are tight, you don’t _______________ people something you can do yourself.