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WorksheetsBizInnovator Startup - Experience and Overview
Total questions: 13
Worksheet time: 8mins
Entrepreneur
an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
a person who invests in stocks and bonds to generate income.
someone who works for a large corporation and follows company policies.
a freelance worker who takes on various short-term projects.
Pick two essential characteristics of successful entrepreneurs:
Passionate and Determined
Profit-Oriented and Independent
Formally Educated and Driven
Extroverted and Aggressive
What type of entrepreneur would best describe Dante, who runs Sock Nation, sells customized socks and slippers, donates a pair of shoes for every ten pairs sold, and aims to satisfy an unmet need while improving society?
Social Entrepreneur
Corporate Entrepreneur
Lifestyle Entrepreneur
Serial Entrepreneur
Startup
a temporary organization that searches for a repeatable and scalable business model
a large corporation with established market presence
a non-profit organization focused on social impact
a government initiative to support small businesses
Select all of the following that are NOT part of a Business Model Canvas:
i. Executive Summary
ii. Advertising Strategy
iii. Value Proposition
iv. Profit Analysis
v. Customer Relationships
i. Executive Summary
ii. Advertising Strategy
iii. Value Proposition
iv. Profit Analysis
Which of the following is the primary objective of the early stage entrepreneurial pitch?
All of the above
Information sharing
To measure interest
To gather feedback
Early stage startups spend significant time doing the following (select all that apply):
i. Finding the customer(s)
ii. Understanding the problem
iii. Selling
iv. Going to the bank/seeking investors
v. Creating partnership agreements
Finding the customer(s) and Understanding the problem
Selling and Creating partnership agreements
Going to the bank/seeking investors and Selling
Understanding the problem and Creating partnership agreements
Pick the best definition for: Small Business
A large corporation with multiple branches
A business that is started to fill a gap or provide a service, be your own boss.
A government-funded enterprise
A non-profit organization focused on community service.
True or False: The Business Plan and Business Model Canvas are static documents that are written early in the planning phase.
True
False
They are dynamic documents
They are only used in the execution phase
What type of business would best describe Keira's Sustainable Slabs, which sells cutting boards and decorative wood products from reclaimed or recycled wood and focuses on sustainable methods?
Climate/Green Entrepreneur
Social Entrepreneur
Hobby Entrepreneur
Generic Entrepreneur
Select all of the following that are NOT part of a formal business plan: i. Executive Summary ii. Marketing Plan iii. Owner Resume iv. SWOT Analysis v. Individual Credit Report
i, ii
iii, iv
iii, v
ii, v
True or False: The Business Plan is a visual summary of the business model, often on one page.
True
False
Sometimes
Rarely
The ______________________ is/are often required by potential investors, lenders, and other financial stakeholders prior to investing money or other assets into the new business venture.
Business Plan
Investment Proposal
Market Analysis
Financial Statement
