Entrepreneurship Basics Warm Up

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

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.

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

Which of the following is NOT a risk of being an entrepreneur?

• Asking permission

• Market loss

• Responsibility

• Money

Select all the examples of ways kids can be entrepreneurs (There is more than one answer).

• Starting a lemonade stand

• Starting a dog walking service

• Creating and selling homemade jewelry

• Creating and selling a "How To" guide of your favorite video game

Which of these are considered characteristics of an entrepreneur ?

• Determination

• Self-discipline

• Team-working skills

• All of the above

Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.

• True
• False

Intrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the innovation of the firm.

• True
• False

Entrepreneur is derived from the French "_________,
 meaning “to undertake.”

• entreprendre
• entrepinde
• Market

New and small business produce a large volume of ______ and ______ for the economy.

• Knowledge and Training
• Managing and Organizing
• Products and Money
• Goods and Services