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