An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
One of the four factors of production
Capital Formation, Innovation, Increased Standard of Living, Large Scale Employment Opportunities
Financial Loss - Failure
Courage, Creativity, Curiosity, Discipline, Empathy, Enthusiasm, Passion Flexibility (Choose the best answer)
Failure is sometimes the only way to learn.
The risky process of creating a new venture
Collective Buying Power
Brand Awareness and Usually Less Risk
Most Creative Freedom and Independence
Combined Resources and Shared Burden
Significant Changes May be Needed
Inconsistent Cash Flow, Time Commitment, Competition and Failure (Choose Best Answer)
Shared Profits, Disagreements Slower Decision Making
Limited Creativity and High Initial Investment Required
A cooperative effort of the private sector, the educational community and federal, state and local governments to enhance economic development by providing small businesses with management and technical assistance
The only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.
Focused on economic opportunity for entrepreneurs, companies, and all Utahans.
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