Front

Entrepreneur

Back

an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

Front

Startup

Back

a temporary organization that searches for a repeatable and scalable business model

Front

Pick the best definition for: Small Business

Back

Started to fill a gap or provide a service, be your own boss.

Front

Pick two essential characteristics of successful entrepreneurs: Passionate and Determined, Profit-Oriented and Independent, Formally Educated and Driven, Extroverted and Aggressive

Back

Passionate and Determined

Front

What type of entrepreneur would best describe Dante, who runs Sock Nation, sells customized socks and slippers, donates a pair of shoes for every ten pairs sold, and aims to satisfy an unmet need while improving society?

Back

Social Entrepreneur

Front

What type of business would best describe Keira's Sustainable Slabs, which sells cutting boards and decorative wood products from reclaimed or recycled wood and focuses on sustainable methods? Options: Climate/Green Entrepreneur, Social Entrepreneur, Hobby Entrepreneur, Generic Entrepreneur

Back

Climate/Green Entrepreneur

Front

True or False: The Business Plan and Business Model Canvas are static documents that are written early in the planning phase.

Back

False

Front

True or False: The Business Plan is a visual summary of the business model, often on one page.

Back

False

Front

The ______________________ is/are often required by potential investors, lenders, and other financial stakeholders prior to investing money or other assets into the new business venture.

Back

Business Plan

Front

Select all of the following that are NOT part of a Business Model Canvas:
i. Executive Summary
ii. Advertising Strategy
iii. Value Proposition
iv. Profit Analysis
v. Customer Relationships

Back

i. Executive Summary, ii. Advertising Strategy, iv. Profit Analysis