WorksheetsEntrepreneurship
Total questions: 18
Worksheet time: 8mins
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
Why do you need a business plan? (hint: choose 3 correct answers)
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
What information should NOT be included in a business plan?
Your financing needs
Your basic business concept
Your marketing plan
Your assets and liabilities
They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.
Creative
Perseverance
Persistence
Self Confidence
Which component of a business plan presents all the processes involved in producing and delivering products and services to customers?
Operational plan
Organizational plan
Marketing plan
Financial Plan
Which component of a business plan is brief description of the key points of each section of the business plan?
Executive Summary
Product/Service plan
Management Team plan
Industry/Market Analysis
