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Entrepreneurship and Starting a Small Business


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After you have read and studied this chapter, you should be able to

  1. Explain why people take the risks of entrepreneurship; list the attributes of successful entrepreneurs; and describe entrepreneurial teams, intrapreneurs, and home- and Web-based businesses.


  2. Discuss the importance of small business to the American economy and summarize the major causes of small-business failure.


  3. Summarize ways to learn about how small businesses operate.


  4. Analyze what it takes to start and run a small business.


  5. Outline the advantages and disadvantages small businesses have in entering global markets.






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