Entrepreneurship: Notes 1

Which of the following words match the definition below?

Any business that is operated by one or a few individuals employs <100 people 99.7% of all employers.

• Company

• Small Business

• Firm

• Corporation

Which of the following words match the definition below?

The process of recognizing an opportunity, testing in the market, gathering resources to to go into business.

• Entrepreneurship

• Employee

• Work

• Company

Time is needed to grow, owner normally operates business?

• Customer

• Manager

• Renter

• Owner

Help business grow/customers or employees?

• People

• Kids

• Dog

• Cat

Understand expenses & know how much revenue you need to operate, profit and money made.

• Bitcoin

• Money

• Debt

• Credit Card

Acquire new ones & make sure current customers are happy

• Customers

• Boss

• Preacher

• George

Should be CORRECT, CURRENT, & CONSISTENT

• Trash

• Information

• Kangaroo

• Barriers

Make sure they are consistent

• People

• Money

• Process

• Mouse

What is key?

• Strategy

• People

• Puppies

• Customers

How many barriers are there?

• 3

• 1

• 23542364

• 7