Successful entrepreneurs recognize that their most valuable asset is their time, and they learn to manage it effectively to make themselves and their companies more productive; having passion about their businesses, products, and customers enables them to stay motivated.

The reason an entrepreneur should conduct a self-audit of her/his skills, abilities, and interests is to help focus on those businesses that will best “fit.”

About 75 percent of the businesses in the U.S. can be considered “small” businesses.

By 2039, the majority of the workforce in the United States will be a member of a minority.

Too many entrepreneurs start their business undercapitalized.

Using focus groups is an example of primary research.

Which of the following is/are true regarding business plans?

The United States is moving toward a “minority majority.”

A business model is an original, functional model of a new product that entrepreneurs can put into the hands of potential customers so that they can see it, test it, and use it.

When done correctly, the due diligence process will ________.