What It Takes
Famous Entrepreneurs
Starting a Business
Rewards & Risks
Vocabulary
100
What is the age limit to become an entrepreneur
none
100

Who is the founder of Tesla

Elon Musk

100
What is an important factor when starting a business
money, location, workers
100
Give an example of a reward
prizes, money, a service, a product, etc.
100
What is one called who is considering going into business for themselves
Entrepreneur
200
What are two characteristics of an entrepreneur
Determination, Hardwork, Perseverance , Leadership, etc.
200
Who is the founder of JC Penny department stores
JC Penny
200
What are resources needed to begin a business
Land, Labor, Capital
200
As an Entrepreneur, you control your ________
wage, hours, business, employees, etc.
200

What is a unique value proposition

the factor of your business that makes it different, gives a competitive advantage

300
Entrepreneurs must know what to sell. What two things can businesses sell
a product and/or service
300
Who is the founder of Microsoft
Bill Gates
300
What is an advantage to starting your own business
no debt and no bad reputation
300
What is a risk
a gain, loss, or failure; bankruptcy, investing, etc.
300
What is all things used in producing goods and services
Resources
400
1 in __ entreprenurs fail when starting their first business.

1 in 4

400
Who created Facebook
Mark Zuckerberg
400
What is a way to become an entrepreneur
buy a business, take over a family business, and start a business
400
What is the amount of money a one puts into a business
Capital
400

What is a profit margin

the difference between the money you make and the amount it cost you to make a product

500
What is something an entrepreneur must know
regulations, the economy, the market, etc.
500
Who is the founder of Wal-Mart & Sam's Club
Sam Walton
500
What is an advantage to finding a target market
understanding who to sell to, producing a product/service that will sell
500

Does a business have to make money?

Non profits count as businesses, so no!

500

What is a 501(c)(3)

A registered non profit organization/business

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