Entrepreneurship 1

Entrepreneurs do all of the following except:

• Start a new business

• Buy or invest in a business that they are going to run/operate

• Generate economic growth

• Advise owners how to run businesses

Entreprenuers:

• Work in their business

• Work on their business

• Work on and in their business

• Work for others/employer

A manager:

• is a small business owner

• Employees less than 500 employees

• Do not take on the risk of owning/operating a business

• Helps entrepreneurs create/implement their vision

Which of the following is not a reason to become an entrepreneur?

• To be more creative

• Gain financial independence

• Work long hours

• Pursue passions and help others

Poor management, lack of experience, over expansion, and dismal sales are all examples of:

• Entrepreneurship risks

• Passions of Entrepreneurship

• Reasons to become an entrepreneur

• Opportunities of entrepreneurship

Positive and hopeful attitudes often help entrepreneurs stay successful. This trait is called:

• Enthusiam

• Optimism

• Confidence

• Open-mindedness

Being able to look at decisions, opportunities, and problems from multiple points-of-view is a characteristic called:

• Optimism

• Preparedness

• Open-mindedness

• Organization

It is important to have _____. This is the ability to know your strengths/weaknesses and areas needed for growth.

• Innovation

• Determination

• Creativity

• Self-awareness

Which of the following is included in understanding finance (having financial skills)?

• Understanding income

• Understanding expenses

• Knowing operating costs

• All of these

As an entrepreneur, you should continue to seek training and education throughout your career. This is called:

• Professional Determination

• Professional Development

• Optimism

• Technical Skills