The Role of a Small Business Flashcards
1
Q
5 ways to wealth
A
inheritance, marraige, lottery, entertainment, start a business
2
Q
Definition
A
independent, local, small
3
Q
Rule 1
A
recognize oppotunities
4
Q
Rule 2
A
critical thinking
5
Q
Rule 3
A
build team
6
Q
Rule 4
A
Business plan
7
Q
Rule 5
A
resources
8
Q
Rule 6
A
decide ownership
9
Q
Rule 7
A
Create wealth
10
Q
Business Plan
A
start and operate business
11
Q
Employee
A
wealth of others
12
Q
Entrepreneur
A
earn living
13
Q
Economy
A
country’s financial structure
14
Q
Compensation
A
salary, wage, commission, dividend
15
Q
Costs
A
money and time invested
