Entrepreneurship Development

An entrepreneur is...

• A person who starts a business that satisfies consumer wants and needs

• A part owner of a business

• The president of a corporation

• The highest ranking member of Congress

Entrepreneurship is...?

• Starting and operating a business

• The process of applying for a loan

• The formal name of closing a business

• Teaching a younger person a trade

The entrepreneurial process is...?

• How an entrepreneur turns their idea into a business

• The process of applying for a loan

• The formal name of closing a business

• Teaching a younger person a trade

You have an idea that for a new product or service that you believe will satisfy consumer wants and needs. It is your plan to start a business. You are an...

• Entrepreneur

• Idea guy

• Marketing Director

• CEO

What characteristics must an entrepreneur possess. (There may be more than one correct answer.)

• Persistent

• Inquisitive

• Goal-oriented

• Powerful

What skills must an entrepreneur possess. (There may be more than one correct answer.)

• Problem solver

• Communicator

• Possesses basic business skills

• Juggler

What are the five steps (in proper order) of the entrepreneurial process

• Discover, concept development, resourcing, actualization, harvesting

• Discover, resourcing, actualization, harvesting, concept development

• Resourcing, actualization, harvesting, concept development, discovery

• Resourcing, actualization, concept development, discovery, harvesting

In which stage of the entrepreneurial process would the entrepreneur conducts research to determine if their idea could be a successful business

• Concept Development

• Discovery

• Resourcing

• Actualization

In which stage of the entrepreneurial process would the entrepreneur begin applying for loans, buying capital goods, and seeking investors?

• Concept Development

• Discovery

• Resourcing

• Actualization