Starting a small business

Why do people start thier own business?

• To be their own boss

• Flexibility

• Achieving their dreams

• All of the above

What do we call a person who starts a business?

• Entrepreneur

• Enterprise

• Entreposuer

• Extraposer

Which word means a new way of doing things?

• internet

• innovation

• interpolation

• interpol

Which of the following is NOT an advantage of enterprise and entreprenuers.

• They create wealth

• They create jobs

• They sponsor football teams

• They support creativity

Enterprise can mean which of the following

• A business

• The act of setting up a business

• Neither

• Both

What percentage of businesses fail in the first 5 years?

• 25%

• 50%

• 12%

• 75%

Risk is the chance that something could go wrong

• True

• False

Which of these is NOT a risk of setting up a business.

• Losing money

• Making money

• losing time

• Losing security

Damaging reutation is a risk of setting up a business.

• True

• False

Another risk is gaining self confidence.

• True

• False