The process of recognizing opportunity, testing in the market, and gathering resources necessary to go into business.
What is entrepreneurship?
100
Entrepreneurs are persistent, hard working, and willing to exert extraordinary efforts to succeed.
What is High energy level?
100
A Canadian telecommunication and wireless equipment company founded in 1984 in Waterloo, Ontario.
What is Research In Motion? (RIM)
100
When one business owner sells to another the right to operate the same business in another location
What is a Franchise?
100
Entrepreneurial behavior displayed by people or sub units within large organizations
What is Intrapreneurship?
200
This 31 year old American computer programmer and Internet entrepreneur has an estimated net worth of 45.2 billion USD. (November 2015)
Who is Mark Zuckerberg?
200
Entrepreneurs are willing to admit problems and errors, and to change a course of action when plans aren't working.
What is Flexibility?
200
Holds the firm's owners responsible for no more than the capital they invest.
What is limited liability?
200
A Hybrid business form combining advantages of the sole proprietorship, partnership, and corporation
What is a limited liability corporation (LLC)?
200
Teams allowed to work creatively together, free of constraints from the larger corporations?
What are Skunkworks?
300
This American multinational technology company was founded on April 4, 1975
What is Microsoft Corporation?
300
Entrepreneurs feel competent, believe in themselves, and are willing to make decisions.
What is Self-confidence?
300
A business that have fewer than 100 employees.
What is a small business?
300
Being the first to exploit a niche or enter a market
What is first-mover advantage?
300
Debt Financing, Equity financing, Venture capitalists, Initial Public offering (IPO)
What are the four ways of financing new ventures?
400
The headquarters of this multinational electronics company is located in Suwon, South Korea.
What is Samsung Electronics?
400
Entrepreneurs try to act ahead of problems; they want to get things done and not waste valuable time.
What is Passion and action orientation?
400
Sole Proprietorship, Partnership, Corporation and Limited Liability Corporation (LLC)
What are the forms of ownership?
400
This describes how the leadership transition and related financial matters will be handled in a family business.
What is a succession plan?
400
A wealthy individual willing to invest in return for equity in a new venture.
What is an Angel investor?
500
This entity has opened a whole new array of entrepreneurial possibilities online.
What is the Internet?
500
Entrepreneurs are born, not made.
Entrepreneurs are gamblers.
Money is the key to entrepreneurial success.
You have to be young to be an entrepreneur.
You have to have a degree to be an entrepreneur
What are the myths about entrepreneurs?
500
Special facilities that offers space, a variety of shared administrative services and management advice to help small businesses to get started.
What are the reasons behind Small Business Failure?
500
A description of the direction for a new business and the financing needed to operate it. It usually contains the following: Executive summary, Industry analysis, Financial projection etc