Entrepreneurship Basics
What is the term for the money and resources that are invested in a business with the expectation of earning a profit?
What is Capital
In 2023, what entertainment mogul achieved billionaire status, making history as the first African American to become a billionaire in the film industry?
Who is Tyler Perry
Entrepreneur Reid Hoffsman started working on this business connections website in 1993 before Sequoia invested in his product 10 years later
What is LinkedIn?
Most successful entrepreneurs take wild, uncalculated risks when starting their businesses.
What is False
This legal term refers to a name, symbol, or design that identifies and distinguishes a product or service from others.
What is Trademark
In business, what does the acronym "ROI" stand for?
What is Return on Investment
Who is known as the "Queen of Media" and founded the OWN network
Who is Oprah Winfrey
This picture sharing website took founder Ben Silbermann 5 years of unemployment and hard work to get off its feet, and is now the 35th most visited website in the world.
What is Pinterest?
Most successful entrepreneurs start their companies with millions in venture capital.
What is False
When a business operates under a name different from its legal name, it often registers this as a(n) _______.
What is Doing Business As (DBA) name
What is the term for a legal form of business ownership where one individual assumes all the risks and responsibilities?
What is Sole Proprietorship
Who, in 2022, earned the distinction of being the highest-paid YouTube creator and is the most-subscribed individual on the platform?
Who is Mr. Beast
This company started with 2 men renting out 3 mattresses in their own home to employees of a million dollar company.
What is AirBnB?
Richard Branson, founded Southwest Airlines.
What is False, Southwest Airlines was founded by Herb Kelleher
A statement that explains how your startup idea solves your customer’s problems or improves their current situation. (hint...V____,P_________)
What is Value proposition
What economic term refers to the total market value of all goods and services produced by a country in a specific time period?
What is Gross Domestic Product (GDP)
Which music icon achieved billionaire status, making history as the wealthiest female musician, with successful ventures in music, fashion, and beauty, including the Fenty Beauty cosmetics line?
Who is Rihanna
An app that was made in 8 weeks designed to allow location-aware photos and note-sharing that the creator pitched to investors at a party before quitting his job.
What is Instagram?
Kylie Jenner, known for her cosmetics line Kylie Cosmetics, became the youngest self-made billionaire according to Forbes.
What is True
This business model focuses on selling products and services directly to consumers, eliminating the need for intermediaries or middlemen.
What is Direct-to-consumer (DTC) business model?
In starting a business, what does the acronym "EIN" stand for?
What is Employer Identification Number
What entrepreneurial family net worth adds to an approximate $247 billion, and are the wealthiest in the World?
Who is Waltons (Wal-mart)
3 men created this game and before it was a success, created 51 unsuccessful games becoming upset along the way.
What is Angry Birds?
Most successful entrepreneurs have a well-considered business plan and developed idea before taking action.
What is True
The process of dividing customers into groups based on common characteristics so companies can market to each group effectively and appropriately.
What is Market segmentation