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WorksheetsBeing an Entrepreneur
Total questions: 18
Worksheet time: 9mins
A good entrepreneur will:
Find a new or unusual way of doing business.
Put on a great show.
Change the world.
Be willing to sell their soul for success.
Which is an advantage of owning a franchise?
Owners pay a large franchise fee up-front to "buy-in"
Owners spend a lot of in the beginning getting things up and running
The company has wide-spread name and brand recognition
Owners are locked into franchise rules, food, menu, uniforms, etc
Which of the following would NOT be a good place to go to get advice?
A Community Workshop
The Chamber of Commerce
The Better Business Bureau
An Embezzlers Anonymous Meeting
Why is it important for entrepreneurs with home-based businesses to remember?
You need to work hard to build your business and make it successful.
You need to clearly define your "work" time and your "home" time.
You should schedule lunches out of the house as a tax write-offs.
You shouldn't wear your pajamas all day just because you can.
A successful entrepreneur is
A loser.
A leader.
Annoying.
A troublemaker.
Bigger risks can mean
More people will get involved.
Certain failure.
Bigger need for cash investment.
Bigger opportunities for success.
Which is an example of information you would find in researching the wants and needs of potential customers for a food-service business?
Pink is a popular color among adolescent girls.
1 in 133 people suffer from Celiac Disease and need to eat gluten free foods.
People like their cats and feed them expensive foods.
Most people don't like to go to the grocery store?
Why is it important for entrepreneurs to identify customers' wants and needs as they plan their businesses?
To create something no other business has ever created
To understand how to make money fulfilling those wants and needs
To tell their customers what they really want and need
To better obtain start-up funding from an investor
Which kind of business opportunity is like buying a business kit?
Starting a new business from scratch
Buying an existing business
Buying a franchise
You should seek the advice of a trained professional to
Help you when you don't feel smart enough on your own.
Get accurate and specialized information relevant to your situation.
Provide funding for your idea.
Write off their services on your income taxes.
What might be a motivation to become an entrepreneur?
Be your own boss
Lack of responsibility
Doing paperwork
Risk of financial ruin
Which of these is NOT a characteristic of an entrepreneur?
Fearful
Self-starter
Risk taker
Good communicator
A person doing medical billing from their den is an example of a/an
Franchise
Corporate freelance business
home-based business
internet-based business
Which business opportunity would be created by opening a store on the World Wide Web?
A franchise
An internet-based business
A home-based business
An existing business
Which of these people are examples of entrepreneurs?
James T. Kirk, Mr. Spock, Dr. Leonard McCoy
Steve Jobs, Sean "Diddy" Combs, Oprah Winfrey
Beyonce, Justin Beiber, Zendaya
Angelina Jolie, Channing Tatum, Bob Barker
The definition of an entrepreneur is a person who
Is willing to take a risk in the hunt for new business opportunities.
Works for a large company creating new products.
Provides entertainment to people in a variety of ways.
is active in their community and encourages business owners
What kind of business opportunity is started from a scratch?
An existing business
A new business
A franchise
Corporate freelance business
Which of these is NOT a benefit of buying an existing business?
Tax debt
Existing location(s)
Existing customers
Trained and experienced staff
