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