Review the video entitled "Entrepreneurship and Starting a Small Business -Board Reach Sails"(see below).

For full credit, correctly fill in the blanks below and answer the 2 following questions:

1. What is one thing you learned from the video that you didn't already know about owning a small business?
2. Would you still want to start a small business? What motivates you or turns you off to owning your own business?

Fill-ins:

Entrepreneurship - Accepting the _______________ of starting and running a business.

Not everyone will share your ________________________.

Why do people become entrepreneurs?______________ vs. ______________

Many reasons become entrepreneurs are to live the American dream - doing something they are ____________________ about, and/or the ______________________ of being their own boss.

______________________ prepared me to own my own business.

Some personality traits of being an entrepreneur include:

Some types of entrepreneurships are:

1. ____________________________________________3. _____________________

The importance of small businesses:

Over ____ million in the US.Create _____% of new jobs.

Get at least ___ years of experiences, preferably working for a small business (comparable to the one you want to start).

Need to know two things:How to run a _________________ and how to run _______ small business.

_____________________________ is one of the primary reasons businesses fail.

If you ____________ to plan, you _____________ to fail.

Know your _____________ and your _______________, which is critical to your success.

When times are tight, you don't _______________ people something you can do your