Entrepreneurial Small Business 6th Edition by Jerome Katz solution manual

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Planning + Action = Success.

A plan without action is futile and actions without plans are usually wasted.

Help helps.

Those who get help succeed bigger and more often.
Skill Module 1.1 will help you find some of the best sources of help on the web.

Do well. Do good.

In the long run, you will depend on partners, investors, employees, customers, and neighbors.

Entrepreneurial Small Business believes in the power of those four ideas, and wants to help you reach your dream of becoming an entrepreneur.

Skill Module 1.1: Small Business Online Scavenger Hunt

This module allows students to explore a number of entrepreneurial websites. By the time you have checked out these sites, you will be up to speed on some of the largest and most credible sets of free, high-quality small business information available today.

If you wanted to find stories about business in Albuquerque (or run the name of a business from there to see what they have done), which site would give you the biggest selection of local stories?

bizjournals.com, usatoday.com/money/business/, wsj.com/

Which of the following offer you a free online business plan maker? usa.gov/business, sba.gov/, entrepreneur.com/,
Which site can connect you to free local help for starting and growing your business?

nfib.com/, sba.gov/, inc.com/

You can search for patents for free at google.com/patents or uspto.gov/
If you want to find out what the profit margins are for businesses in the restaurant industry, which site would give you the answer?

sba.gov/, entrepreneur.com/, bizstats.com/

The vast majority of new firms go through a similar start-up process. The firms most likely to be successful follow a four-step process, shown in Figure 1.1.
The Entrepreneurial Process: Feel à Check à Plan à Do
- Feel: Having a feeling about starting a business or making a particular product or service.
- Check: Smart entrepreneurs check the likelihood for success through a feasibility analysis or customer development process, repeating until you reach a winning and feasible idea.
- Plan: Getting from the idea to the business can be done by small-scale, part-time startups, lean business practices approaches, pilot testing, business modeling, or doing a business plan.
- Do: Regardless of the planning approach you choose, you will need to refine your approach until you have a successful firm, including additional rounds of refinement and revising.

ENTREPRENEURS ARE EVERYWHERE

According to the U.S. census there were 15.5 million full-time entrepreneurs in the United States in 2015.
- Entrepreneurs can be found in almost every occupation.
  - Table 1.1 shows the 10 occupations with the largest numbers of entrepreneurs as well as the 10 occupations with the highest percentages of entrepreneurs.

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