INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wikipedia (www.wikipedia.org/wiki/Entrepreneurship).
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the Project Management Institute (www.pmi.org).
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the Small Business Administration (www.sba.gov).
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the National Retail Federation (www.nrf.com).
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Detailed explanation-1: -SBA’s mission is to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” It also is charged with ensuring that small businesses earn a “fair proportion” of government contracts and sales of surplus property.
Detailed explanation-2: -The term Small Business Administration (SBA) refers to a U.S. government agency that is designed to bolster and promote the economy by assisting the country’s small businesses. Established in 1953, the SBA’s largest function is to counsel individuals who want to start and grow their own businesses.
Detailed explanation-3: -The Office of Entrepreneurial Development (OED) oversees a network of programs and services that support the training and counseling needs of small business. It is the U.S. Small Business Administration’s (SBA) technical assistance arm with resource partners located throughout the country.
Detailed explanation-4: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items