Entrepreneurship--Lesson 1-4 Slides

Drag and Drop

Two personal motivations for starting a business are the desire for ​

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and to make a ​

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,

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independence

profit

to fulfil a social need

meeting a market need

money/wealth

difference in society

Dropdown

A person who identifies a need and starts a business to fill that void; the persistent progression toward an innovative solution to a key problem. Example Owners: Barbers who open their ​ shop, startups, music recording companies, mobile app developers, clothing designers ​ ​

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Drag and Drop

An Entrepreneur is someone who ​

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creates, owns, and may run a business.

makes a profit from a business.

manages a business.

Multiple Choice

Why is problem-solving considered a crucial skill for entrepreneurs?

• Because it helps them manage finances

• Because it allows them to solve challenges and make better decisions

• Because it helps them market their products

• Because it helps them hire employees

Multiple Select

Which of the following are steps in the problem-solving model?

• Define the problem

• Ignore the problem

• Gather information

• Evaluate alternatives and select the best option