Create Healthy Challenge
Be Compliant and Manage Risk
Pursue Progress Over Perfection
Hold one another Accountable
Mission
100

taking on both the risks and responsibilities of starting a new business is called a _________

Entrepreneur

100
The money that remains from a businesses income after paying all expenses called?
Profit
100
Entrepreneurs take on all except a) risk b) reward c) steady income d) challenges
Steady Income
100
An entrepreneur can only have two types of business. Service based or product based. True or False
True
100
Getting a haircut is an example of a _________
Example of a service
200
Money a person earns from their business is called
Income
200
People who make or grow goods are called
Producers
200
The Founder of a cosmetics company would be considered a ______
Entrepreneur
200
It is important to ________ your product or service so people know who you are
Market/Marketing/Advertise
300
Is it true that successful entrepreneurs can fail?
Yes
300
Most entrepreneurs start what type of business?
Sole Proprietorship
300
Name one of the reasons people become entrepreneurs.
Mr. Paulk will judge!
300
Organization is not very important in being an entrepreneur. True or False
False it IS important!
300
Can an entrepreneur can own an online business...
YES
400
Name 3 successful characteristics of an entrepreneur.
Mr. Paulk will judge!
400
A business owned and run by 2 or more people is called...
Partnership
400

A ___ is the hardest type of business to start of the 3 we have studied.

Corporation

400
A ___ is the easiest type of business to start of the 3 we have studied.
Sole Proprietorship
400
A negative (drawback) of starting a sole proprietorship is...
You have to do everything yourself!
500
An entrepreneur is someone who is their own boss? True or False
True
500
Name the three types of business we have covered in class.
Sole proprietorship, Partnership, and Corporation
500
Ownership in a company is also called _________
Equity
500
People on shark tank are not entrepreneurs. True or false
False, they ARE!
500
A person who starts a new business and takes on the risks, responsibilities, and potential rewards of owning and operating a new business?
Entrepreneur
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