Entrepreneurship

Who is this entrepreneur?

• Lord Sugar

• Richard Branson

• Steve Jobs

• Kanye West

What company did this famous entrepreneur start?

• Instagram

• Twitter

• Facebook

• Snapchat

Which is an advantage of owning a franchise?

• Owners spend a lot of time in the beginning getting things up and running.

• The company has wide-spread brand recognition.

• Owners pay a large franchise fee up front to buy in.

• Owners are locked into franchise rules, food, menu, uniforms, etc.

Which of the following would NOT be a good place to get advice for a new business?

• An Embezzlers Anonymous Meeting

• The Chamber of Commerce

• A Community Workshop

• The Better Business Bureau

Which kind of business opportunity is like buying a business kit?

• Buying a franchise

• Buying an existing business

• Starting a new business from scratch

What might be a motivation to become an entrepreneur?

• Risk of financial ruin

• Be your own boss

• Doing paperwork

• Lack of responsibility

Which of these is NOT a characteristic of an entrepreneur?

• Self-starter

• Fearful

• Risk taker

• Good communicator

A person doing medical billing from their living room is an example of a/an....

• Internet-based business

• Franchise

• Home-based business

• Corporate freelance business

The definition of an entrepreneur is a person who

• Provides entertainment to people in a variety of ways

• Is active in their community and encourages business owners

• Is willing to take a risk in the hunt for new business opportunities

• Works for a large company creating new products

Which of these is NOT a benefit of buying an existing business?

• Existing customers

• Tax debt

• Existing location

• Trained and experienced staff