ENT: 6-4 Resources to Help Entrepreneurs

What are some opportunities that technology provides for aspiring entrepreneurs?

• Access to social networks

• Access to e-commerce

• Access to computing power

• All of the above

What is a common trend that can inspire a business opportunity?

• Aging population

• Decreasing interest rates

• Increasing taxes

• Government regulations

What is bootstrapping in the context of funding a startup?

• Seeking investment from angel investors

• Obtaining grants and scholarships

• Using personal savings and resources

• Borrowing money from banks

What is the role of a business mentor?

• Provide capital for the startup

• Offer experience and guidance

• Handle day-to-day operations

• Invest in pitch contests

What is the purpose of a pitch deck?

• Describe the business plan

• Secure funding from friends and family

• Attract angel investors

• Enter pitch contests

What is the definition of an angel investor?

• An investor who actively participates in the company's operations

• An investor who provides capital for small startups

• An investor who buys products from local businesses

• An investor who offers financial rewards

What can professional associations provide for aspiring entrepreneurs?

• Information and resources

• Financial rewards and grants

• Pitch contests and scholarships

• Internship opportunities

What is the importance of constantly surveying the market as an entrepreneur?

• To challenge the status quo

• To expand knowledge base

• To navigate through changing landscape

• All of the above

What is the meaning of professional development for entrepreneurs?

• Enhancing personal skills and traits

• Passing certain exams and certifications

• Taking refresher courses

• All of the above

What is a key trait for entrepreneurs to possess?

• Being a life-long learner

• Having extensive experience

• Being a passive investor

• Having a large network