Understanding Entrepreneurship

What is an entrepreneur?

• Someone who starts a new business

• Someone who manages a team

• Someone who works for a company

• Someone who invests in stocks

Which organization is mentioned as a source of information on entrepreneurship?

• Entrepreneurship Hub

• Small Business UK

• Startup Nation

• Big Ideas Wales

Which of the following is NOT one of the four key words summarizing the skills needed for entrepreneurship?

• Finance

• Attitude

• Creativity

• Relationships

What is essential for success in running a business according to the text?

• Having a strong online presence

• Having a good relationship with customers, employees, suppliers, partners, and other businesses

• Having a large amount of capital

• Having a unique product

What is the role of creativity in entrepreneurship as described in the text?

• Avoiding risks

• Copying successful business models

• Following traditional methods

• Solving a problem with a little imagination

What is necessary for the day-to-day running of a business?

• Strong marketing

• Large workforce

• High sales

• Good organization skills

What should entrepreneurs do when they need help according to the text?

• Try to solve everything on their own

• Hire expensive consultants

• Ask friends, family, colleagues, and professionals for help

• Ignore the problem