Recognizing Opportunity - Becoming an Entrep

The task of starting up a business

• Risk

• Entrepreneurship

• Employees

• Employers

Starting up a new business can be risky.

• True

• False

More than 1/2 of all new businesses do not survive beyond 4 yrs.

• True

• False

Having an idea is the same as identifying an opportunity

• True

• False

An example of an idea

• Opening a Burger King in Trafalger

• Creating a new gadget for game controllers

• Starting up a lawn mowing business

• none of these

The ability to learn something new

• attitude

• knowledge

• aptitude

• skills

Becoming an entrepreneur means risking which of the following. Select all that apply.

• Money

• time

• flexible schedule

• efforts

Start-up money is needed to have an idea.

• true

• false

People who own, operate, and take on all of the risk of a business

• employees

• entrepreneur

• uncle sam

• custodian

A service based business does business by having customers purchase their skills or expertise such as a plumber.

• True

• False