BizInnovator Startup - Experience and Overview

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Entrepreneur

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

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Startup

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

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Pick the best definition for: Small Business

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

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

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Passionate and Determined

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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?

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Social Entrepreneur

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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

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Climate/Green Entrepreneur

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

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False

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

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False

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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.

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Business Plan

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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

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