Steps of making a business
What is the step within entrepreneurship that has endless possibilities?
What is brainstorming?
This famous entrepreneur was known for revolutionizing the cellphone, along with music listening devices and personal computers.
Who was Steve Jobs
This character trait allows entrepreneurs to continuously seek new opportunities. Because of this trait, they frequently ask questions and challenge the status quo.
What is curiosity
This is an organization which helps early-stage startup founders with services like management training, office space, or seed funding.
What is an incubator?
What is the majority educational background of entrepreneurs?
What is a College Graduate
What is the step that involves research on different organizations and the demand for them?
What is conducting market research
This Harvard dropout created Facebook in 2004, changing the ways people connected on the internet and influencing a variety of other social media platforms like Instagram (before Facebook bought Instagram.)
Entrepreneurs frequently run into problems when starting a business. However, in order for them to overcome these problems it takes a skilled entrepreneur who is able to assess problems and adjust their strategies accordingly.
What is adaptability?
This is when a founder grows a startup using their own money and resources, rather than raising funding from investors.
What is bootstrapping?
What is the common material status of entrepreneurs?
What is Married with Children
What is the term used to describe assembling the funding needed to start a business?
What is Capital formation
This entrepreneur co-founded PayPal, creating a safe and easy online payment service and later founded SpaceX.
Who is Elon Musk
In order for an entrepreneur to maximize their self improvement, it requires a skill in which they look at flaws within themselves and work on bettering themselves for the good of the group.
What is self-improvement
This is the amount of money a startup spends each month compared to how much it makes.
What is burn rate?
How many start ups are launched in the United States each year?
what is 500,000
What are the two necessary IDs for legally establishing a business?
What is federal and state Ids
This entrepreneur founded Zoom, a video conferencing software which allows people to connect face to face through a computer screen.
Who is Eric Yuan
This involves paying attention for prolonged periods of time, even when the opportunity to have fun arises.
What is focus?
This refers to the movement of money in and out of a business.
What is cashflow?
ow many small businesses does the United States have currently?
what is 33 million
What is the most efficient way to establish correct pricing?
What is following the supply and demand of the market
This entrepreneur turned $5,000 to billions by creating Spanx, a clothing company which became successful due to its designs which solved common issues with women’s clothing.
Who is Sara Blakely?
This trait drives commitment and is the factor behind someone’s perseverance to achieve their goals
What is passion
This is ownership in a company. When you own this, you own a share in a company which grows as the company grows.
What is equity?
What percent of start up businesses survive at least one year after their founding?
What is 82%