Entrepreneurship Quiz LS-451

Who are Entrepreneurs?

• an individual who makes money

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

• and individual who saves money

What is Entrepreneurship?

• The activity of starting a business, while assuming a larger than normal risk, in the hopes of making profit

• Taking on a low risk job

• Buying into a larger business or corporation

What are 4 things to do to become and Entrepreneur?

• 1) Find your market 2) Know your Qualifications 3) Plan your business 4) Find your target market

• 1)Plan your business 2) take out a loan 3) Create your product 4) Dominate the market

• 1) Find your market 2) Take out a loan 3) create product 4) Network

Pros of being a Entrepreneur

• Financial Risk

• Freedom, Flexibility, Control

• Potential Failure

Cons of being an Entrepreneur?

• Possibility of making a lot of money

• Workload, Responsibility, Financial Risk

• Freedom of choice when it comes to your business

What is a characteristic of an Entrepreneur?

• Lazy

• Undetermined

• Innovative

It takes millions of dollars to become an Entrepreneur?

• True

• False

Who founded Kodak company?

• Micheal Newton

• Mark Zuckerberg

• Joe Biden

• George Eastman

What is a lifestyle startup?

• Bloggers, Photographers, Influencers

• Small tech companies

• Tech industry startups

• Non profits/ Charities

Do Entrepreneurs influence the Economy ?

• Maybe

• Yes

• No