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Why are Entrepreneurs important?
An important money maker
An important engine of growth in the economy
An important business model
An important way to increase traffic
Why do we need Entrepreneurship?
Create new businesses and raise taxes
To make people happy
To take down big box stores
Create social change and community development
Entrepreneur is someone who
Organizes, leads, manages, and assumes the risks of a business
Makes mass amounts of money
Is very controlling and close-minded
You would not want to work for
Which of the following is NOT a trait of successful entrepreneurs?
Strong sense of self
Leaders work in the system.
I don't know
Managers support problem solving and
Showing other the way
Monitoring and controlling expenses/budgets are responsibilities of
These people don't stop and watch unless they are learning and comparing
A merchandise shipment of laptops were destroyed in transit. This is an example of a(n)
Last night, you got a call that your warehouse had caught on fire. This is an example of
Your company decided to produce and stock 100,000 of their newest product. Sales are not moving as quickly as you thought and the merchandise just taking up space in the warehouse. This is an example of
How many steps are there in the entrepreneurial discovery process?
Which of the following is NOT a step in the entrepreneurial discovery process?
Look For Business Opportunities
Brainstorm Problems and Ideas
Business opportunities could include
Franchises, family business & hobbies
Family business, interests, & trends
Hobbies, interests, & making money
Franchises, games, & solutions
When investigating trends, it is important to look at current and global trends.
Why do people want to become entrepreneurs?
Make a guaranteed amount of money
To be their own boss and make decsions
To work longer hours
To show off how talented they are
Which of the following is a disadvantage of a partnership?
Everyone is happy
Two sets of ideas and financial assets
Potential friction when making decisions
Can split duties and responsibilties
Being an entrepreneur is the right choice for everyone
SBA helps entrepreneurs by providing resources regarding business plans, loans, etc. SBA stands for
Small Business Alliance
Smith Blackwell Association
Small Business Association
Small Brand Association
Opening a franchise is less risky than starting a business from scratch.