Routes to Entrepreneurship
McDonald's is a global fast-food restaurant chain. It allows individuals to run their own restaurant under its established brand. What type of entrepreneurship does this represent?
what is Franchise
What does the 50 in the 50/30/20 rule represent?
what is Essential needs like housing, utilities, and food.
If a school offers free tutoring, mental health counseling, and work-study opportunities, which quality enrollment factor does this represent?
what is Completion supports.
This career involves designing and analyzing financial systems to track budgets and expenditures.
what is Accountant
What is the most professional way to address an email to someone you’ve never met?
what is Use a formal salutation like “Dear [Title] [Last Name].”
Patagonia, an outdoor apparel company, donates 1% of its sales to environmental causes and advocates for sustainability. Which route to entrepreneurship does this align with?
what is Non-profit
If your monthly income is $2,500 after taxes, how much should you ideally allocate to savings or paying off debt?
what is $500 (20% of $2,500)
A student loves small class sizes and a close-knit campus community. Which quality enrollment factor is most relevant to this preference?
what is personal fit
This professional creates strategies to promote products or services to targeted audiences
what is Marketing Manager.
What does “dress for the job you want” mean, and why is it important?
what is It means dressing to reflect the position you aspire to, showing ambition and professionalism.
A local Houston bakery, “Sugar Rush Sweets,” is owned and operated by a family who started it from scratch. Which type of entrepreneurship does this represent?
what is Start-up
Why is it important to distinguish between wants and needs when budgeting?
what is To ensure essential expenses are prioritized and unnecessary spending is minimized.
A college has the program you want and your GPA meets its requirements. Which quality enrollment factor does this describe?
what is academic match
What career is best described as providing support for software users and solving technical problems?
what is Support Specialist.
Why is time management essential for maintaining professionalism?
It ensures deadlines are met, builds trust, and prevents stress from affecting work quality.
Disney acquired Marvel Entertainment in 2009, bringing its iconic superheroes under the Disney umbrella. What type of entrepreneurship does this represent?
what is Acquisition
You receive an unexpected windfall of $1,000. How would the 50/30/20 rule recommend allocating it, and why?
what is $500 to needs, $300 to wants, $200 to savings/debt. It maintains financial stability while allowing some flexibility.
Why is it important to review your financial aid package carefully before committing to a school?
what is To ensure the cost of attendance aligns with your budget and avoid unexpected debt (financial fit).
Why might a career in entrepreneurship require knowledge across multiple disciplines?
what is Entrepreneurs often handle diverse responsibilities like marketing, finance, and operations.
How can maintaining a professional social media presence impact your career?
what is It can enhance your reputation and networking opportunities, while inappropriate posts can harm credibility.
Two major tech companies, Exxon and Mobil, decided to join forces in 1999 to create Exxon Mobil, one of the largest publicly traded companies. What type of entrepreneurship is this?
what is Merger
What are two advantages and two disadvantages of the 50/30/20 budgeting rule for entrepreneurs?
what is Clear structure, encourages savings. Disadvantages: May not account for irregular income, lacks flexibility for emergencies
A college has a graduation rate of 80%, offers scholarships to cover most of your tuition, and has the major you want. However, it’s far from home and you’re worried about feeling isolated. Which quality enrollment factor might be a concern, and why?
what is Personal fit, because being far from home and feeling isolated could affect your ability to thrive and succeed at the school
This career requires overseeing the day-to-day operations of a business while implementing long-term strategies. What is it, and what key skills does it demand?
what is Business Manager. Key skills: Leadership, decision-making, and problem-solving.
What does it mean to “follow up” after an interview, and why is it important?
what is Sending a thank-you email to express gratitude and reinforce your interest in the position shows professionalism and leaves a good impression.