The Role of an Entrepreneur

An entrepreneur is someone who:

• tries to improve the goods and services a company offers.

• starts his or her own business to develop an idea and meet a need.

• invents new products and lets others develop them.

• is always thinking about making a profit.

Which of the following best describes an intrapreneur?

• Someone who is interested in many things

• Someone regarded as an employee

• Someone who starts their own business

• Someone mostly involved in careers associated with the Internet

• Someone who develops ideas or meets needs within an existing organization

An employee is someone who:

• works for a company or organization.

• usually can set his or her own hours.

• owns his or her own company.

• whose pay depends on the company’s profits.

Which of the following are facts about Entrepreneurs (check all that apply)

• Small businesses make up 99.7 percent of U.S. employer firms.

• Entrepreneurs are the only risk-takers.

• People are born with the traits to be a successful entrepreneur.

• Learning about entrepreneurship is useless if a person isn’t going to own a business.

• Successful entrepreneurs don’t always need formal training.

All of the following are benefits of being an employee (Check all that apply)

• I am paid whether the business makes a profit or not.

• I don’t feel ownership for the product or service.

• I am my own boss.

• I work set hours.

Which of the following are benefits to being an entrepreneur? (Check all that apply)

• I assume the risk of starting a business myself.

• I don’t get paid unless the business makes money.

• I am my own boss.

• I can earn a lot if the business is very profitable and does well.

• I can be creative and innovative in doing things in new ways.

True or False: 3/4 of all new American jobs are in small businesses.

• True

• False