A For don't flop
Name one word that has to do with entrepreneurship. Literally anything that correlates to the word "entrepreneurship".
Anything word from the word cloud such as: Business, life, economy, people, create, idea, opportunity, ect.
Name one personality trait of an entrepreneur.
Creative, social, smart, optimistic, self confident, high self esteem, futuristic, charming, courageous, enthusiastic, thoughtful, risk taker, brave, innovative, ect
What is something that might push or make someone become an entrepreneur.
Anything can technically made someone an entrepreneur. However in situation where someone finds that there is no service or product cater to their specific group of people or perhaps a life changing event happened or a idea sparked their mind to provide or sell.
Why would it be important for an entrepreneur to be innovative?
Innovation sets the entrepreneur apart from all of their other commercially engaged contemporaries. An entrepreneur’s core competency is to find new ways to solve problems and to come up with clever, workable solutions. They are naturally curious, inquisitive, bright and highly flexible in their thinking.
when setting life goals what are the first 3 steps?
1. Take some time for quiet time to think things over.
2. Think about what’s important to you.
3. Think about what you’d like people to say about you when you die.
What is the triple Bottom line?
they are economic success, Social Success, and environmental success.
Give an example of if someone wanted to improve themself in, for example, leadership what is something they can do?
They can:
-Take leadership seminars
-read a book on the subject or learn from someone who is an expert at it
-Participate and practice in every situation or event or just given the chance to do so
What is one way how an entrepreneur might contribute and benefit the economy?
They create jobs for people, they help growth the economy, they create and invent technology, and they make wealth for many other people in the business world.
What is one actions a entrepreneur should take before starting a business?
They should understand their finances, plan ahead, have a product or service to sell, market, and have a target audience.
How many parts are their to a business plan?
There are 12 total parts The cover sheet, Table of Contents, Business context, Business, Profile, marketing analysis, Challenge and Response, Marketing plan, Financials, time table, summary of needed capital, and the appendix.
What are two criteria's for judging wether a entrepreneur's business is successful?
The criteria's are:
-High level of sales -Strong reputation
-High level of profits - sustained growth
-High level of consumer satisfaction
- High quality products
-Strong commitment to responsibility
They learn this after the learning the attitudes of a leader and before become what is know as an true entrepreneur.
What are the five categories of setting personal goals?
They are Career, People, Health, Wealth, and Growth.
Provide one example of social success, environmental success, and economic success.
By gaining profits in sales form good ,marketing, by gaining customer and employee satisfaction, and by reducing their environmental impacts.
What is a business plan?
A business plan is an invaluable tool for any businessperson or would-be businessperson. It is a written document, which precisely defines your business. It identifies your goals and serves as your firm's resume. A business plan lays out what the business will produce and explains how it will be produced and who will be the consumers of the product/service the business is producing. Furthermore, it addresses who will operate the business and who will supply the products/services required to run the business. Such a plan also describes how the firm will attract new customers and retain previous customers.
Define a true entrepreneur.
On Level 5, the one-time employee becomes a true entrepreneur. As a true entrepreneur, he/she engages in new way of thinking, which includes: 1) Imagining gigantic, all-encompassing dreams for creating the ideal world. 2) Picturing the ideal world as a reality on a daily basis, filling in more details each day. 3) Putting words to the dream and talking of it as if it was already happening. 4) Experiencing the dream as a real and tangible fact that actually materializes and influences others while opening new doors to fresh opportunities and the birth of more dreams.
What does every entrepreneur start out as before they start their own business?
An employee or as someone that works for someone else.
What is the difference in product production between Adam Nelson and Lee Rhodes? What is the different forms of marketing shown?
The difference is that Nelson is constantly trying to adapt his product based on customer feedback and branches into new territory, while Rhodes improves sticks with what she's good at providing her service without change and the one thing they make really well.
Sometimes all an entrepreneur needs to start a business is a ______, who will provide them with the ______ they need. This is typically because the entrepreneur might be young or doesn't have the amount of ______ needed to start selling, marketing, and advertising. (hint:reusableword :)
Sometimes all an entrepreneur needs to start a business is a investor, who will provide them with the money they need. This is typically because the entrepreneur might be young or doesn't have the amount of funds needed to start selling, marketing, and advertising.
Where do you find the quote and fill in its blanks :
"Continue to explore different things until you find your ____. You don’t have to come up with your life ____ right now. You could just think of something you’d like to achieve over the next six months to a year."
"Continue to explore different things until you find your dream. You don’t have to come up with your life goals right now. You could just think of something you’d like to achieve over the next six months to a year."
-Handout 1.6.D