Module 1 - Overview

Pick the best definition for: Entrepreneur

• An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

• A temporary organization that searches for a repeatable and scalable business model

• Started to fill a gap or provide a service, be your own boss

• A formally educated individual who invests in small businesses

Pick the best definition for: Startup

• An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

• A temporary organization that searches for a repeatable and scalable business model

• Started to fill a gap or provide a service, be your own boss

• A formally educated individual who invests in small businesses

Pick the best definition for: Small Business

• An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

• A temporary organization that searches for a repeatable and scalable business model

• Started to fill a gap or provide a service, be your own boss

• A formally educated individual who invests in small businesses

Pick two essential characteristics of successful entrepreneurs.

• Passionate

• Profit-Oriented

• Extroverted

• Determined

• Independent

Dante's business is called Sock Nation. He and his team sell customized socks and slippers and donate a pair of shoes for every ten pairs of socks sold. Their priorities are satisfying an unmet need in the marketplace for custom socks and improving society. Their goals or vision includes expanding their product lines and customer segments as well as the magnitude of their social improvements. What type of entrepreneur would best describe Dante?

• Social Entrepreneur

• Climate/Green Entrepreneur

• Hobby Entrepreneur

• Generic Entrepreneur

Keira's business is called Sustainable Slabs. She and her team sell cutting boards and decorative wood products from reclaimed or recycled wood. Their priorities are creating beautiful home products through sustainable methods. Their goals or vision includes expanding to other products sourced from reclaimed natural resources. What type of business would best describe Keira's Sustainable Slabs?

• Generic Entrepreneur

• Social Entrepreneur

• Hobby Entrepreneur

• Climate/Green Entrepreneur

Typically, a business will come up with a business plan that outlines important details like funding, marketing, responsibilities, and goals.

• True

• False

Which entrepreneur owned a small portion of the Brooklyn Nets before starting "Roc Nation Sports", a sports agency representing athletes and entertainers?

• Donald Trump

• Jack Dorsey

• Jay-Z

• Elon Musk

Which entrepreneur faced several lawsuits that stated they stole the idea from a pair of brothers that created "ConnectU"?

• Mike Lindell

• Elon Musk

• Jack Dorsey

• Mark Zuckerberg

Which entrepreneur is known for investing in start-ups on the popular show "Shark Tank"?

• Barbara Corcoran

• Jack Dorsey

• Elon Musk

• Mike Lindell