MGT 255 - Chapter 2
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What are some advantages of small business ownership?
More personal contact with people
Potential financial reward
WHat are some disadvantages of small business ownership?
Need for many abilities
Limited financial rewards
What are some personality characteristics required by successful entrepreneurs?
Independence, Self-confidence and Self-assurance
Strong verbal and numerical skill
Problem solving abilities
Why are small business successful?
Alterness to change
Ability to attract and nold competent employees
Staying close to the consumer
Thoroughness with operating details
Ability to obtain needed capital
Effective handling of government laws, rules and regulations
What traits describe entrepreneurship?
Creativity, flexibility, innovativeness, risk taking and independence.
Why are the skills of a manager useful?
Maintaining and solidifying the existins product or service or business.
What would you like to do?
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