The advantages of being an entrepreneur are _____.
A disadvantage to joining a family business is that _____.
Location is not important for a business.
Taking over a family business can help to maintain the goodwill of the customers.
In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of _____.
Franchises tend to have better success rates that non-franchised businesses.
Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.
A proven product, established management systems, and customer goodwill are three advantages of _____.
If you purchase a franchise, you get to keep all of the profits you make.
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