Entrepreneurial Characteristics
This trait describes an entrepreneur's ability to take chances despite uncertainty.
What is risk taking
An entrepreneur investing their own money into their business
What is bootstrapping
Who invented the lightbulb?
Thomas Edison
The term for people being scared to take risks because they think they won't succeed
Fear of Failure
This invention is a circle, and you use it for transportation?
The Wheel
This is the ability to bounce back from failure and staying persistent.
resilience
A way of funding through a large group of people, usually through social media/go fund me
What is crowdfunding
Who invented the straight line sales system?
Jordan Belfort
The term for when someone tries something new even when there is a high likelihood of failure
Risk taking
This medicine is considered the most revolutionary medicine ever.
Penicillin
A theory that says entrepreneurs use available means and adapt rather than follow fixed plans.
What is effectual reasoning
Any funding after a startup has created goods and demonstrated its place in the market
What is late stage funding
Who industrialized the assembly line?
Henry Ford
The term for a change in your approach to a problem because of failure etc
Pivot
Alexander Graham Bell invented this to help communication spread.
Telephone
Entrepreneurs ability to see gaps in the market and provide solutions
What is opportunity recognition
The earliest stage of startup funding
What is seed funding
This famous actor/scriptwriter sold his dog when homeless in order to pitch a movie script.
Sylvester Stallone
The term for not taking a risk because you don't believe you will be able to and you doubt your abilities
Lack of Confidence
This invention was created 2,000 years ago to hold wood together.
The Nail
Allows an entrepreneur to influence a team and investors around a vision
What is charisma
Investors piece of the company after giving capital
What is Equity
This Man created the largest oil company of the 1900’s.
John D. Rockefeller
When constant failures of trying to solve a problem become to much for you to handle and try again
Burnt Out
This type of energy is the most efficient yet hardest to obtain.
Nuclear Energy