The document discusses starting and managing a small business. It covers characteristics of successful entrepreneurs, developing a business plan, and obtaining financing. A business plan outlines the business concept, operations, marketing strategy, finances, and goals. Financing options include owner-supplied capital, borrowed funds from banks, credit unions, or the Small Business Administration. Risks of entrepreneurship include inadequate capital, low sales, high expenses, and lack of management experience.

1. Entrepreneurship and Small Business Management 6-1 Becoming an Entrepreneur 6-2 Small Business Basics 6-3 Starting a Small Business 6

10. NUMBER OF EMPLOYEES IN NEW BUSINESSES Chapter 6 Slide

18. COMMON TYPES OF SMALL BUSINESSES Chapter 6 Slide