Entrepreneur Basics
A person who starts and runs a business.
What is an entrepreneur?
True or False: Entrepreneurs give up easily.
False
What is a business plan?
A document that outlines a business’s goals and how to achieve them.
What is a target market?
The group of people most likely to buy your product.
Who is the Academic Manager?
Ms. Crawley
What are reasons to start a business?
To make money, solve a problem, or be their own boss.
Name two traits successful entrepreneurs often have.
Creativity, confidence, resilience, leadership, etc.
Why is it important to write a business plan?
To organize your ideas and attract investors.
Why is it important to know your target market?
So you can meet their needs and market effectively.
What is the stage after serenity?
Grace
What is one common risk entrepreneurs face?
Losing money or the business failing.
Why is problem-solving important in business?
It helps overcome challenges and find solutions.
What’s the difference between a goal and a plan?
A goal is what you want; a plan is how you'll get it.
What is one way to learn about your customer?
Surveys, interviews, observation, etc.
What does it mean to honor the female spirit?
honoring other women, building relationships, being open-minding, respecting others and yourself, collaborative..
What does it mean to innovate?
To create a new idea, product, or way of doing something.
What does being "self-motivated" mean?
Pushing yourself to get things done without being told.
Name one section of a business plan.
Executive summary, marketing plan, financial plan, etc.
Name one of the four "graphics" businesses uses to find their customers
Demographics, geographics, psychographics and behavioral
Name one of the guiding principles.
Honor the female spirit, invest in the future, value the wisdom of time, act with integrity and positive intent, embrace growth and change, embrace growth and change, focus on strengths, exhibit courage, seek excellence and create partnerships
Give an example of a famous entrepreneur and their business.
Ex: Elon Musk - Tesla
What is perseverance?
Continuing even when things are hard.
Describe what the marketing section of a business plan includes.
Strategies for promoting and selling the product/service.
Name one of the needs, products or services should meet for their customers.
Emotional needs, social needs or functional needs
What college did Ms. Greer attend?
University of South Florida