BASICS OF ENTREPRENEURSHIP

Entrepreneurship is about . . .

• setting up an ideal which later becomes a vision.

• offering a service

• starting a business and taking all the risks.

• selling goods with people you like.

"creative destruction" means

• finding problems and reporting them.

• destroy things with the purpose of enhancing creativity.

• finding a better way to replace an old-fashioned way.

• creatively thinking about a solution.

"market" means

• people exchanging goods and services.

• people who provide space for trading.

• people who sell and buy stuff.

• people who can potentially buy from you.

What's the essence of Drucker's idea on entrepreneurship?

• changing things to make the world more dynamic.

• changing things and making people interested in the changes.

• changing old ways because they are dangerous.

• cultivating a culture of changing things.

what kind of culture is likely to encourage entrepreneurship?

• culture which emphasizes dilligence and hardwork.

• culture which prioritizes respect for others.

• culture which encourages spontaneity and creativity.

• culture which originates from traders.

Which one is NOT the benefit of entrepreneurship?

• trigger economic growth

• provide jobs

• promote self-awareness

• contribute to poverty alleviation

Which one is an important characteristic for an entrepreneur?

• health

• assertiveness

• sympathy

• wealth

Whats does being "smart" mean in entrepreneurship?

• having formal knowledge plus experience plus hunch.

• having lots of academic degrees.

• having a lot of friends in a vast social network.

• having formal degrees and willingness to work hard.

What are three vital decisions an entrepreneur must make?

• product/service, friends, social media.

• product/service, capital, market.

• product/service, money, God's blessings.

• potential investors, money, product/service

What's the best element in a team of entrepreneurs?

• a large amount of fund that each member has and ready to be invested.

• desirable characteristics that make the team members liked by people.

• characteristics that are different but complement each other.

• favorable personality of those involved.