Study Guide Answers
Chapter 3: The Process

1. self-employment

2. answers may include:

• independence-control over work settings and schedule
• employment where/when outside opportunities are few
• being the boss
• interacting with customers, suppliers, and others
• enjoyable work
• sense of achievement/satisfaction if the business succeeds
• control over job security
• control of business decisions
• better standard of living
• feeling part of the community

3. answers may include:

• pleasing the customer (the REAL boss)
• long, hard hours with little free time
• fluctuating income
• unrelenting responsibility
• possibility of business failure
• stress on family/resources
• possible exacerbation of health problems/disability

4. quit.

The counselor should decide why the consumer is unable to begin to develop a business plan and if he or she needs further guidance or assistive technology.

5. occupation, occupational grouping

6. strengths, weaknesses

7. three functions of business plan include:

• serves as the business's road map
• presented to potential funders
• used to judge the business' potential for success

8. funding

9. long-term