Key Terms
People who work for someone else.
Who are employees.
This entrepreneur was founded in 1971 in Seattle Washington
Who is Starbucks Coffee Company
Type of business that sells products directly to the people who use or consume them.
What is retailing.
Entrepreneurs who persist through hard times until goals are met have this characteristic.
What is perseverance
Exploring hobbies & interests, analyzing past experiences, discoveries & inventions, and understand what makes people unhappy are way to do what.
What is generate new ideas.
Evaluations of your strengths and weaknesses.
What is self-assessment.
This famous entrepreneur that is responsible for the building of the Eads Bridge.
Who is Andrew Carnegie.
This type of business generates fresh produce and other farm products.
What is agricultural.
Entrepreneurs who know what they want, and are able to focus on achieving it.
What is goal-oriented
Why are entrepreneurs important to our economy?
What is they make up the majority of all businesses in America.
Special meeting at which companies display their products.
What is trade show.
This famous entrepreneur became a millionaire in the 1800's by selling her haircare products.
Who is Madame C.J. Walker
A hair salon is an example of what type of entrepreneurial business?
What is service.
Entrepreneurs who think of new ways to market their businesses and are always looking for new solutions to problems have this characteristic.
What is creativity
Name three advantages of becoming an entrepreneur.
What are be your own boss, choose a business that interests them, can be creative, and can make a lot of money.
People who own, operate, and take the risk of a business venue.
Who are entrepreneurs.
This famous entrepreneur owns the Dallas Mavericks, and he is an active part of the show Shark Tank.
Who is Mark Cuban.
Reading Anthracite Coal company is an example of what type of entrepreneurial business?
What is mining and extracting.
Entrepreneurs who want to make their own decisions and do something they enjoy have this characteristic.
What is independence
Name three disadvantages of becoming an entrepreneur?
What are could lose money/business, irregular income, work long hours, and make all major decisions alone.
The ability to learn a particular kind of job.
What is aptitude.
This person's love of acting and desire to bring quality entertainment projects into production led to the formation of HARPO Productions, Inc.
Who is Oprah Winfrey
Explain the difference between the entrepreneurial business of manufacturing and wholesaling.
What is manufacturing businesses make and produce the products they sell. Wholesaling businesses sell products to other people than the final customer.
Entrepreneurs must have this characteristic to make choices alone and bounce back from poorly made decisions
What is self-confidence
We talked about several traits the majority of entrepreneurs possess, name at least five of them.
What are independent, self-confident, determined and persistent, goal-oriented, adhere to high standards, creative, and quick acting.