Leveling the playing field for home-based businesses, ___________ has (have) made starting a home-based business much more affordable.
answer
broadband Internet connections and other technologies
question
The primary concerns when first starting your business are:
answer
financing and planning.
question
A business plan for a new business does not need to include:
answer
the names of the prospective lending companies.
question
According to the textbook, one of the drawbacks of using venture capital is that:
answer
venture capital firms may ask for a high stake in your business.
question
For a market to exist there must be potential buyers:
answer
who have a willingness and the resources to buy.
question
Why do incubator facilities continue to remain very popular with start-up businesses?
answer
By providing essential services to entrepreneurs, they have a very strong success rate.
question
Why do experts agree that small-business management and large-business management are similar in practice?
answer
Similar to large businesses, small business have concerns about obtaining capital and good marketing and management practices.
question
Which of the following is a false statement about small business?
answer
The first job for most Americans is unlikely to be in a small business.
question
Although the business plan has a great amount of detail and requires thoroughness, a well-explained business idea will come to life almost immediately in which part of this document?
answer
The executive summary
question
A small business advantage is ________.
answer
the ability to quickly adapt to customer needs
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