Entrepreneurship Basics
Someone who starts and runs a business.
What is an Entrepreneur
What is customer safety?
A business owned by one person.
What is a sole proprietorship?
The first step in design thinking?
What is emphathize?
How realistic a business idea is.
What is feasibility?
A mindset includes traits like risk-taking and resilience
What is the entrepreneurial mindset?
Telling the truth in advertising.
What is an example of honesty/integrity?
An ownership type has unlimited personal liability.
What is a sole proprietorship (or partnership)?
The step that involves clearly identifying the problem.
What is define (defining the problem)?
Where you determine if customers really want this and want it now.
What is market feasibility?
A type of entrepreneur works inside an existing company.
What is an intrapreneur?
When a company dumps waste in a river.
What is an example of environmental ethics issue?
A business owned by two or more people.
What is a partnership?
The step where you generate many ideas.
What is ideation?
Where you determine if you can actually build it.
What is technical feasibility?
A type of entrepreneur focuses on solving social problems.
What is a social entrepreneur?
The group that is affected by poor ethical decisions by a company.
What are stakeholders?
An ownership type protects personal assets from business debts but still retains total control.
What is an LLC?
Where you talk to the users/customers to understand the problem.
What are empathy interviews?
Where you decide if you can afford to do it or make money at it.
What is financial feasibility?
The main two goals of entrepreneurship.
What is solving problems and creating value?
The way companies build long term trust and success.
What are solid business ethics?
What is ethical decision making?
An ownership type is best for raising large amounts of investment capital and going public.
What is a corporation?
A simple low-cost version of your final product to make it tangible and testable.
What is a prototype?
The factor that is most important when entering the market.
What is Timing?