{"id":87,"date":"2015-04-20T18:17:47","date_gmt":"2015-04-20T18:17:47","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=part&p=87"},"modified":"2020-08-20T02:31:00","modified_gmt":"2020-08-20T02:31:00","slug":"entrepreneurship","status":"publish","type":"part","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/part\/entrepreneurship\/","title":{"raw":"Chapter 8: Entrepreneurship","rendered":"Chapter 8: Entrepreneurship"},"content":{"raw":"
\r\n
\r\n
\r\n
\r\n

Module: Entrepreneurship<\/h1>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n
\r\n
Why It Matters: Entrepreneurship<\/div>\r\n
\r\n\r\nWhy does Entrepreneurship matter?\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n
\r\n
Show What You Know<\/div>\r\n
\r\n\r\nTake this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
The Role of Entrepreneurs<\/div>\r\n
\r\n\r\nIdentify the role entrepreneurs (past and present) play in small businesses and economic growth\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: The Importance of Small Business to the U.S. Economy<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: The Role of Entrepreneurs<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
Characteristics of Entrepreneurs<\/div>\r\n
\r\n\r\nIdentify the characteristics of an entrepreneur and explain how these characteristics contribute to business success\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: What Is an Entrepreneur?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: Why Start Your Own Business?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Characteristics of Entrepreneurs<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
Opportunities and Challenges<\/div>\r\n
\r\n\r\nIdentify the opportunities and challenges of starting a business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Reading: Advantages and Disadvantages of Business Ownership<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: Is Entrepreneurship for You?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: Twenty Questions Before Starting a Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Opportunities and Challenges<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
Steps to Starting a Business<\/div>\r\n
\r\n\r\nDescribe the steps necessary to start a business\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Ten Steps to Starting a Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Steps to Starting a Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
Business Plans<\/div>\r\n
\r\n\r\nIdentify and describe the essential components of a business plan\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Create Your Business Plan<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Business Plans<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n<\/div>\r\n
\r\n
Why Some Ventures Fail<\/div>\r\n
\r\n\r\nExplain the reasons why entrepreneurial ventures fail\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Why Do So Many Small Business Startups Fail?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Why Some Ventures Fail<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n
\r\n
Putting It Together: Entrepreneurship<\/div>\r\n
\r\n\r\nEntrepreneurship\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
\r\n
\r\n
\r\n
\r\n
\"icon\"<\/div>\r\n
\r\n
Quiz<\/div>\r\n
\r\n\r\nYou can take this quiz twice. Your highest score will count as your grade. Don't wait until the last minute to take the quiz - take the quiz early so you'll have plenty of time to study and improve your grade on your second attempt.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","rendered":"
\n
\n
\n
\n

Module: Entrepreneurship<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n
\n
Why It Matters: Entrepreneurship<\/div>\n
\n

Why does Entrepreneurship matter?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n
\"icon\"<\/div>\n
\n
Show What You Know<\/div>\n
\n

Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
The Role of Entrepreneurs<\/div>\n
\n

Identify the role entrepreneurs (past and present) play in small businesses and economic growth<\/p>\n<\/div>\n\n\n\n\n
Reading: The Importance of Small Business to the U.S. Economy<\/td>\n<\/td>\n<\/tr>\n
Self-Check: The Role of Entrepreneurs<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
Characteristics of Entrepreneurs<\/div>\n
\n

Identify the characteristics of an entrepreneur and explain how these characteristics contribute to business success<\/p>\n<\/div>\n\n\n\n\n\n
Reading: What Is an Entrepreneur?<\/td>\n<\/td>\n<\/tr>\n
Reading: Why Start Your Own Business?<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Characteristics of Entrepreneurs<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
Opportunities and Challenges<\/div>\n
\n

Identify the opportunities and challenges of starting a business<\/p>\n<\/div>\n\n\n\n\n\n\n
Reading: Advantages and Disadvantages of Business Ownership<\/td>\n<\/td>\n<\/tr>\n
Reading: Is Entrepreneurship for You?<\/td>\n<\/td>\n<\/tr>\n
Reading: Twenty Questions Before Starting a Business<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Opportunities and Challenges<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
Steps to Starting a Business<\/div>\n
\n

Describe the steps necessary to start a business<\/p>\n<\/div>\n\n\n\n\n
Reading: Ten Steps to Starting a Business<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Steps to Starting a Business<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
Business Plans<\/div>\n
\n

Identify and describe the essential components of a business plan<\/p>\n<\/div>\n\n\n\n\n
Reading: Create Your Business Plan<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Business Plans<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n<\/div>\n
\n
Why Some Ventures Fail<\/div>\n
\n

Explain the reasons why entrepreneurial ventures fail<\/p>\n<\/div>\n\n\n\n\n
Reading: Why Do So Many Small Business Startups Fail?<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Why Some Ventures Fail<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\"icon\"<\/div>\n
\n
Putting It Together: Entrepreneurship<\/div>\n
\n

Entrepreneurship<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n
\"icon\"<\/div>\n
\n
Quiz<\/div>\n
\n

You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"parent":0,"menu_order":80,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-87","part","type-part","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/87","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/87\/revisions"}],"predecessor-version":[{"id":5957,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/87\/revisions\/5957"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/media?parent=87"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/contributor?post=87"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/license?post=87"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}