Entrepreneur Questions 101
What is an entrepreneur?
A person who starts their own business.
Who founded Apple?
Steve Jobs
What is a profit?
The money a business makes after all expenses are paid.
What is a mentor?
An experienced person who helps and guides someone less experienced.
Entrepreneurs always work alone.
False - Entrepreneurs often work with teams, partners, and employees to build their businesses.
Why do people start their own businesses?
To solve problems or meet needs to make money.
Who started the first Mickey Mouse cartoon and later founded Disney?
Walt Disney
What is a customer?
A person who buys goods or services.
The process of getting the word out about a business and its products is called ________
Marketing
A business can be just about anything?
True
What does it mean to have a growth mindset?
A growth mindset means believing that you can learn and get better at anything if you keep trying and practicing.
Who is known for starting the company Amazon?
Jeff Bezos
What is a product?
Something made or grown to be sold.
What do we call the design that represents our business?
Business Logo
If a business fails, the entrepreneur should give up.
False - Failure is a learning opportunity, and many entrepreneurs try again after failing.
Name one thing an entrepreneur needs to start a business
Ideas, money, customers, product
This person started his own school while in the NBA
Lebron James
What is a prototype?
A first model of something that is being developed.
Entrepreneurs never stop...
Learning
A business plan is a roadmap for a business.
True - A business plan outlines the goals and strategies for a business.
What is a pitch?
A persuasive speech to spark interest in what you or your business does.
This person started a makeup line after being a successful artist.
Rihanna
What is revenue?
The total income a business earns.
What advice would you give someone who wants to become an entrepreneur
Open-ended question! Share your thoughts!
Entrepreneurs never make mistakes.
False - Mistakes are a natural part of learning and growing as an entrepreneur.