MGT 4113 : Exam 01 Study Guide
Document Summary
Know the myths of small business: there"s not enough financing. Investors: numerous methods for fundraising, borrowing, saving, three categories of start-ups: Allstate: you need to make something (high-tech) to make money, most growth is in services, 40 million of the 110 million employed in the u. s. in. Small business development commission survive four years or more: moral: don"t go it alone, other myths. Understand how ethical behavior affects relationship with others. Know the different types of entrepreneurs and what drives them. Understand how to assess the viability of a business idea. Know the pitfalls entrepreneurs can fall into when assessing ideas. Know what issues are addressed in a feasibility study. Know the different types of part-time business opportunities and their advantages and disadvantages. Know the potential pitfalls of part-time entrepreneurship. Know the advantages of starting your own business. Know the advantages and disadvantages of franchising. Know which analysis tools are used at each stage of strategy planning.
