The Entrepreneurship

The risk of starting a business is:

• creating something new

• losing money

• making money

An entrepreneur is more likely to fail if they have:

• the skills needed

• a clear objective

• no savings

An important skill for entrepreneurs is to:

• ignore risks

• manage money

• be dishonest

Planning helps:

• to meet the deadlines

• to create problems

• to increase stress

Thinking of a new business idea is innovation:

• True

• False

Enterprise can be word for business:

• True

• False

Weaknesses are things that a business should ignore:

• True

• False

Characteristics refers to having the right skills and experiences:

• True

• False

"O" in SWOT analysis means:

• Objectives

• Organisation

• Opportunity

Strengths are things which the business:

• does well

• does badly

• tries to avoid