Task 6 Validation

What is one of the personal goals entrepreneurs might satisfy?

• Earning an income

• Traveling the world

• Buying luxury items

• Avoiding work

What is a key risk for entrepreneurs?

• Guaranteed profits

• Losing the time, effort, and money invested

• Having too many customers

• Receiving too much support

What is NOT a skill that entrepreneurs need?

• Problem-solving

• Managing risk

• Procrastination

• Communicating effectively

What does the R in S.M.A.R.T goals stand for?

• Realistic

• Relevant

• Reliable

• Resourceful

Why is it important for a business to set goals?

• To confuse competitors

• To ensure everyone knows what they are working towards

• To increase paperwork

• To reduce employee workload

What might a small business do to achieve a financial goal?

• Increase sales by 10%

• Hire more staff

• Redesign the office

• Launch a new website

As an entrepreneur, why is it important to set goals.

• Setting goals is crucial for success.

• Goals are not necessary for a fulfilling life.

• Goals don't mean success.

• Success comes without planning.

What is the role of an entrepreneur in selling an idea?

• To keep the idea secret

• To share the idea and motivate others

• To focus only on profits

• To avoid taking risks

If you were interviewed for a job by an entrepreneur , what should you do after completing the interview?

• Leave immediately

• Ask if the entrepreneur has questions for you

• Ignore the entrepreneur

• Delete the recording

What is a common challenge faced by entrepreneurs when starting a business?

• Unlimited funding

• Finding the right market

• Too much free time

• Excessive support from competitors