Group 6- Quiz for Stratman

is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.

Identifies the legal status of a legal person.

Is when entrepreneurs use their own funds to start a new business.

• Boots

• Boothstrapping

• Bootstrapping

• Strap

Are usually wealthy individuals who invest in companies independently.

• Angel Investors

• General Investors

• Good Investors

• Company Investors

This focuses on the special resources the venture already possesses and the resources that will be needed in order to make the venture a success.

This is a plan outlining the steps that will be taken as the venture unfolds. it provides a time frame for the accomplishment of various activities.

• Accomplishment Report

• To-do List

• Implementing Schedule

• All of the above

Draw your dream venture

An individual who organizes, manages, directs and assumes the risks of a business or enterprise.

An entrepreneur who has a thought-provoking idea or concept in his/her mind, that has the capability to lead the marketplace is a/an _____________.

• forecaster

• innovator

• leader

• promoter

Do you have what it takes to be an entrepreneur? Why or why not?