Entrepreneurship 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.

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

Which is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organised
• irresponsible

Most entrepreneurs work long hours, but they create their own schedule.

• True
• False

A target market is

• a group of investors willing to put capital into a business

• a generational group of individuals

• a group of consumers at which a product/service is aimed

• an industry willing to sell and market your product

Which component of a business plan is brief description of the key points of each section of the business plan?

• Executive Summary

• Product/Service plan

• Management Team plan

• Industry/Market Analysis

Business process of creating relationship with and satisfying customers.

• Advertisement

• Marketing

• Market Research

• Market Study