Entrepreneur

An entrepreneur is someone 

• Someone who works for a new business
• Someone who starts a new business
• Someone who takes over an existing business
• Someone who does not want to work

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Most entrepreneurs start what type of business?

• Partnership
• Corporation
• Sole Proprietorship
  

An entrepreneur must know...

• Only the parts of the business they like
• No parts of the business management
• all parts of business:  finance, marketing, etc.

Name one of the reasons people become entrepreneurs.

• Feeling insecure
• They like to be the ONLY one doing everything
• They are doing what they enjoy

An entrepreneur must be...

• disorganized
• organized
• lazy

An entrepreneur can own an online business...

• False - entrepreneurs can only create business in person
• True - there are companies online as well as in person

A business owned and run by 2 or more people is called...

• Partnership
• Sole Proprietorship
• Corporation

One benefit of starting a corporation is...

• You are the only one responsible
• There is limited liability
• You have to come up with ALL of the start money

A negative (drawback) of starting a sole proprietorship is...

• You have to raise ALL of the money yourself
• You make all of the decisions
• All of the profits belong to you

The most difficulty type of company to start is a...

• Sole proprietorship
• Partnership
• Corporation