Entrepreneur

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

• Starting a new business from scratch
• Buying a franchise
• Buying an existing business

What kind of business opportunity is started from a scratch?

• An existing business
• A new business
• A franchise
• Corporate freelance business

What might be a motivation to become an entrepreneur?

• Lack of responsibility
• Risk of financial ruin
• Doing paperwork
• Be your own boss

Which business opportunity would be created by opening a store on the World Wide Web?

• A home-based business
• An existing business
• A franchise
• An internet-based business

Which of these is NOT a characteristic of an entrepreneur?

• Self-starter
• Fearful
• Good communicator
• Risk taker

Which of these people are examples of entrepreneurs?

• Beyonce, Justin Beiber, Zendaya
• Angelina Jolie, Channing Tatum, Bob Barker
• Steve Jobs, Sean "Diddy" Combs, Oprah Winfrey
• James T. Kirk, Mr. Spock, Dr. Leonard McCoy

Why is it important for entrepreneurs with home-based businesses to remember?

• You need to work hard to build your business and make it successful.
• You need to clearly define your "work" time and your "home" time.
• You shouldn't wear your pajamas all day just because you can.
• You should schedule lunches out of the house as a tax write-offs.

You should seek the advice of a trained professional to

• Write off their services on your income taxes
• Provide funding for your idea
• Help you when you don't feel smart enough on your own.
• . Get accurate and specialized information relevant to your situation.

A successful entrepreneur is

• A leader.
• A troublemaker.
• A loser
• Annoying.

Why is it important for entrepreneurs to identify customers' wants and needs as they plan their businesses?

• To create something no other business has ever created
• To understand how to make money fulfilling those wants and needs
• To better obtain start-up funding from an investor
• To tell their customers what they really want and need