BUS410_Ch01_02_Teacher: Dao Cong Tuan

What is a key characteristic of entrepreneurs?

• They only manage existing businesses.

• They identify and act on ideas or problems that others have not recognized.

• They focus solely on profit generation.

• They always work alone.

4 Types of Entrepreneurs: Innovators, ________, Market makers, Expanders and scalers

Which of the following best describes a leader?

• A person who commands and controls their team with authority.

• A person who inspires and motivates their team to achieve a common goal.

• A person who focuses solely on results and productivity.

• A person who avoids taking risks.

What is the primary focus of a boss?

• Building strong relationships with team members.

• Developing team members' skills and potential.

• Encouraging collaboration and innovation.

• Enforcing rules and maintaining control over the team.

What best describes a Climber in terms of entrepreneurial exposure?

• Never started a venture

• Some entrepreneurial knowledge or experience

• Experienced entrepreneur

• Only participates in group hikes

What is the first step in the entrepreneurial journey?

• Preparation

• Assessment

• Inspiration

• Launch

What is the primary purpose of Step 5: Business Plan?

• Defining your motivations

• Analyzing your competition

• Establishing the business structure and model

• Preparing for the launch event

Which of the following is not identified as a potential obstacle for entrepreneurs in the image?

• Self-doubt

• Fear of the unknown

• Limited time, resources, or personal connections

• Lack of a business plan

The "Reflection Question" prompts the individual to assess what?

• Their financial resources

• The potential market demand

• Their mental, physical, psychological, or financial capabilities and support system

• The competition in the industry

The Rebirth stage is characterized by which of the following actions?

• Planning for the future growth of the business

• Strengthening the company's market position

• Redesigning or creating a new venture

• Reaping the return on the initial investment