ESB Lesson Prep V1

Multiple Choice

Which description bests fits an entrepreneur?

• Averse to risks, which means not very willing at all.

• Takes absolutely no risks.

• Entrepreneurs do not need to take unnecessary risks, but they do need to be willing to take risks.

Multiple Select

Which two characteristics should an Entrepreneur have?

• ambugious

• detail oriented

• creative

• adaptive

Multiple Select

Self-Assessments need which three elements?

• strengths

• weakness

• risk

  tolerance

• adapbility

• mental

  fortitutde

​When researching business options and taking surveys your best probability of success comes from highest responses of what the customers prefer.

​Rental fleets, leasing companies and auto dealerships are all types of Businesses.

​If you were going to open a pluming business in a new town you would want to know: (supply/demand)

How many competitors are in the area?

Customers($$) spending patterns in the area?

​data about people

Demographic

​relating to location

Geographic

Brand Recognition
Marketing assistance
Location assistant
Proven Business model
Limitied Liability

Benefits of Franchise

The owner can create their own rules!
Set their own hours.

​​Benefit of Starting your
own buniness:

​Exsisting Business

​Pre-existing customers
Inventory & recording keeping

What people DO

Behavioral

Psycholgraphic - how people think

​