Exam 2: Preparing for the Entrepreneurial Journey

Although entrepreneurs should not be _____ as their business grows, they should be well aware of the status of critical numbers in their business, and they should make their presence known among employees on a regular basis.

All of the following are conditions under which entrepreneurs typically choose the startup process EXCEPT when

It is very difficult today to start a new company as a(n) _____ entrepreneur.

According to the Small Business Administration, as of 2014, 52 percent of small businesses were

Today, many enterprising people are turning to nonprofit types of ventures to realize their entrepreneurial dreams.

Which of the following serve as gateways to other networks and exert influence between groups or networks?

The Ewing Marion Kauffman Foundation reported that in 2015, the percentage of entrepreneurs aged _____ to _____ declined from 34.3 percent in 1996 to 25 percent in 2015.

Embracing _____ and _____ is essential to creating opportunity and to launching a new business.

Which of the following models is used to form corporate entrepreneurship, entrepreneurship that occurs inside an existing organization?

All of the following are identified as opportunities that come with choosing entrepreneurship as a career path EXCEPT

Because entrepreneurs operate in a world of uncertainty, the ability to _____ is vital.

To prepare for success, an aspiring entrepreneur should find a(n) _____ who is leading the type of life that the entrepreneur envisions for the future and who can be a guide and sounding board as well as champion and gateway to people the entrepreneur would otherwise not have been able to meet.

One of the best ways to discover an opportunity is to study a(n) _____ in depth.

Management guru Peter Drucker asserted, "The entrepreneurial mystique, it's not magic, it's not mysterious, and it has nothing to do with the genes. It is a _____."

An entrepreneur's _____ are the foundation for his or her business and are always reflected in the business and in how customers are treated.

In an entrepreneurial endeavor, risk is correlated with reward-the greater the risk taken, the greater the reward expected.

Most of the great businesses that have been successful for at least 50 years-companies such as Walt Disney, Sony, and Merck-did NOT start with a

Choose and describe two of the four broad categories of entrepreneurs that differ from the traditional path.

Discuss the tasks that will help increase an entrepreneur's chances of success in entrepreneurship.

Discuss some of the challenges associated with choosing entrepreneurship as a career path.