Entrepreneurship 2

(Check all that apply!) Which of these would you include in the "Appendix" Section of a business plan?

• Tax returns from the last 3 years

• Resumes of business owners

• Licenses and certifications

• Social Security Cards of business owners

Why do you need a business plan? (hint: choose 3 correct answers)

• To raise capital

• Gets everyone involved to focus on the same goals

• Gives an objective look at what you are doing and why

• It is required by law

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 is a characteristic of a successful entrepreneur?

• Motivated

• Takes very little risk

• Passionate

• Hard-working

On average, entrepreneurs spend a total between ____ hours of researching and writing a business plan. 

• 25-50

• 50-100

• 50-75

• 10-20

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 is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organized
• irresponsible

Which one of these is NOT a characteristic of an entrepreneur?

• risk taker
• idea person
• generalist
• specialist

A method of recording a company’s financial story and arranging the information in reports that make the information understanding.

• Math

• Auditing

• Accounting

• Acting

What goes at point 3

• Goods and services

• income

• spending

• factors of production