Exploring Entrepreneurship Basics

What is an entrepreneur?

• Someone who works for a company

• Someone who starts their own business

• Someone who only buys products

• Someone who teaches at school

Which of the following is a quality often found in successful entrepreneurs?

• Laziness

• Creativity

• Dishonesty

• Fearfulness

What is the main aim of entrepreneurship?

• To copy others

• To create something new or solve a problem

• To avoid work

• To travel the world

Which of these is an example of a product an entrepreneur might create?

• A new type of mobile phone case

• A maths equation

• A school timetable

• A weather report

What is a business plan?

• A list of friends

• A plan for how a business will work and make money

• A map of the city

• A recipe for cake

Which of the following is NOT a risk for entrepreneurs?

• Losing money

• Gaining new skills

• Business failing

• Facing competition

What do we call the money used to start a business?

• Capital

• Homework

• Recipe

• Luggage

Which of these is a famous British entrepreneur?

• David Beckham

• Richard Branson

• William Shakespeare

• Isaac Newton

Why is teamwork important in entrepreneurship?

• It makes work boring

• It helps share ideas and skills

• It wastes time

• It is not important at all

What is a 'profit' in business?

• The amount of money lost

• The amount of money made after costs are paid

• The number of products sold

• The number of employees