Entrepreneurship Today
What do we call when a business changes the normal way of things in a industry?
Disrupter
What do you call where you determine if your idea meets a want or need in the marketplace
Discovery
What do you call a family owned enterprise that intend to serve the local community, make a living, and focus less on growth
Small Business
Which characteristics DOES NOT belong to an entrepreneur?
Commitment, Adaptability, Risk Averse, Persistence and Long term view
Risk Adverse
Entrepreneurism is also about constant (blank)
Innovation
What do you call when you are self funding all of your business opportunities?
Boot Strapping
The type of entrepreneur buys existing businesses and tries to grow them further.
Buyer Entrepreneur
What do you call an entrepreneur who works for another company in the mean time?
Intrapreneur
In order for a company to sustain itself over time it needs to do (blank).
Make a profit
What do you call a roadmap of the business’s goals and objectives
Business Plan
In order to raise investment capital, entrepreneurs need to cast a (BLANK) for what their company will look like in the future, if the venture is successful.
What part of the Entrepreneurial Journey does expanding revenue and advertising go to?
Grow It
Entrepreneurship is a process that, at its core, starts with (blank)
Solving a problem
An idea becomes an opportunity if it has three features. They are
Market, Margin, Mission
This type of entrepreneur is a cross between an innovator and a hustler, trying to improve on existing products in the marketplace.
Imitator
Which entrepreneur generally takes more risk than small business entrepreneurs, with the hope of gaining greater returns.
Scalable
What 4 things make up the Entrepreneurial Purpose?
What I love
What the world needs
What my strengths are
What I get paid for
What are the 5 steps of the Entrepreneurial Process
Discovery, Business Plan, Resourcing, Harvesting and Run the Business
What are the 4 primary differences between a small business vs entrepreneurs
Innovation, Risk, Growth, Vision
What stage of the business should you add new products or enhance to existing ones? What’s the 3-year plan, 5-year plan, 10-year plan?
Harvesting