BUSINESS ENTREPRENEURSHIP

What are the limitations of owning a small business enterprise?

• To make a difference

• Possess a future orientation

• High level of energy

• Risk of losing invested capital

What are the advantages of owning a small business enterprise?

• to gain control over your destiny

• to make a difference

• All are correct

• to reap unlimited profits

What are the ingredients of creativity?

• Develop new insights and change perspectives

• Passion

• Agility and adaptation

• Customer connection

The “entrepreneurial profile” includes the following attributes: confidence in personal success

• True

• False

The business failed, not the entrepreneur!!

• False

• True

What actions will not help an entrepreneur to avoid pitfalls?

• Prepare a business plan

• Know the business in depth

• Understand financial statements and know how to use them

• None

Small business innovation requires

• Becoming overly specialized

• Customer connection

• Passion

• Customer connection and passion

The right side of the brain generates innovative ideas and the left side of the brain judges market potential

• True

• False

Believing that “I’m not creative” does not limit individual creativity

• True

• False

A feasibility analysis consists of:

• An industry and market feasibility analysis

• A product or service feasibility analysis

• A financial feasibility analysis

• All three components