Definitions
a document setting out a business's future objectives and strategies for achieving them
Business Plan
9 out of 10 businesses fail
False
Entrepreneurs can make a lot of money
Pro
Multi-millionaire marketing mogul and ABC Shark Tank investor can also teach up-and-coming entrepreneurs something about perseverance. He launched his clothing line, Fubu, in 1989, and over the next few years, he had to close the business three times as he learned the ropes of entrepreneurship.
Daymond John
What is the number of players in an ice hockey team?
Six on each side
a chief executive officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.
CEO
Entrepreneurs are well educated
False
Con
The legendary basketball player who formerly played for the Chicago Bulls is a brand in and of himself. As a teenager, coaches rejected Jordan from teams for being too short, despite his persistent interest in the sport. He went on to play 15 seasons in the NBA.
Michael Jordan
Name the world’s fastest land animal?
Cheetah
a type of legal business entity that was developed to provide business owners with a lower level of liability.
LLC
It takes money to make money
False
Entrepreneurs have control over their lives
Pro
founded and run a number of companies, his first being (the now defunct) Roc-A-Fella Records in 1995. He also co-created the urban apparel line Rocawear, the 40/40 club chain of restaurants and later, after serving as the head of Def Jam Records, the Roc Nation label. He’s also the founder of Tidal, a music streaming service, which he co-owns with his wife.
Jay-Z and Beyonce
What is the height of a basketball hoop in feet?
10 feet
a graphic mark, emblem, or symbol used to aid and promote public identification and recognition. It may be of an abstract or figurative design or include the text of the name it represents.
Logo
Banks do not lend money to start-ups
FALSE
Entrepreneurs take risks
Con
15-year-old actress, businesswoman and the youngest female executive producer in Hollywood.
MARSAI MARTIN
What is the favorite food of the Teenage Mutant Ninja Turtles?
Pizza
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Profit
Entrepreneurs are experts in their industries
TRUE/FALSE
Running a business is heavily demanding on your time
Con
one of the first American women to become a millionaire when she formed a business around a product she made for African-American hair care. The invention was based on a personal need: Walker suffered from hair loss due to a scalp condition.
Madam C.J. Walker
In which country did reggae music originate?
Jamaica