Entrepreneurship

Front

Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers) Options: Motivated, Takes very little risk, Passionate, Hard-working

Back

Motivated, Passionate, Hard-working

Front

What is a disadvantage of being an entrepreneur?

Back

You do not always receive a regular paycheck

Front

Elon Musk is one of the greatest innovators in the last 30 years. He... (choose 3 correct answers) Options: Co-founded Google, Co-founded Paypal, Founded the company SpaceX, Founded the company Tesla

Back

Co-founded Paypal, Founded the company SpaceX, Founded the company Tesla

Front

What is the purpose of a business plan? (hint: choose 2 correct answers) Options:

To document your financial activity during one year

,

Legal document to be filed with the SEC

,

States the purpose and vision of your company

,

States the amount of capital you need to run the company

Back

States the purpose and vision of your company

,

States the amount of capital you need to run the company

Front

Why do you need a business plan? (hint: choose 3 correct answers) Options:

To raise capital

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Gets everyone involved to focus on the same goals

,

Gives an objective look at what you are doing and why

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It is required by law

Back

To raise capital

,

Gets everyone involved to focus on the same goals

,

Gives an objective look at what you are doing and why

Front

A target market is

Back

a group of consumers at which a product/service is aimed

Front

What information should NOT be included in a business plan? Options: Your financing needs, Your basic business concept, Your marketing plan, Your assets and liabilities

Back

Your assets and liabilities

Front

True or False: A standard business plan is one page in length.

Back

False

Front

Reid Hoffman is one of the greatest innovators in the last 30 years. He was the founder of which company? Options: Snapchat, Twitter, Groupon, LinkedIn

Back

LinkedIn

Front

Roasted is a community-driven coffee shop that opened locally with 10 employees.

Back

an example of a small business