Entrepreneurship Examples
This search engine was just an idea before two college students from Stanford University made it a reality in 1998.
What is, Google
What three components make up corporate entrepreneurship?
What is, people, place, and process
What is the average amount of time entrepreneurs change business models?
What is, 6
Who makes the most profit, startup or corporate?
What is, corporate
What is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market?
What is, a startup
This media giant was founded by a Harvard dropout in 2004.
What is, Facebook
Some corporate businesses disappear, why?
What is, shadowed out by more innovative competitors
What are the two risks of entrepreneurs face?
What are, money and time
It takes _____ years on average for startups to begin making profit.
What is, 2-3 years
Contrary to popular belief, entrepreneurs avoid this other word for chance that’s also a popular strategy board game.
What is, risk
These local shops where you can get your hair fixed are examples of small business entrepreneurship in many towns.
What is, Barbershops/Hairdressers
What are the leading 3 corporate businesses today?
What is, Walmart, Amazon, Exxon Mobil
The percentage of entrepreneurs that believe their ventures will be successful are?
What is, 95%
These three elements are how profitability is measured.
What is, the principals, the investors, and the business as a whole
Most entrepreneurs receive these starting out from family, banks, or credit unions.
What is, loans
This garage startup originating in New Mexico is now the largest personal computer software company.
What is, Microsoft
These are the advantages to corporate businesses.
What is, person liability, business security, and access to capital
Can entrepreneurs change lives?
What is, yes
What is “ramen profitability”?
What is, enough cash flow that a company can sustain a minimal lifestyle as fast as possible
A common model startups use to grow their business.
What is, a scalable model
Howard Scultz was able to buy this company after quitting and starting his own coffee shop.
What is, Starbucks
Corporate hurts small businesses _____ the most.
What is, profitability
How do most entrepreneurs start their companies?
What are, self funds, or loans from friends and family.
This is the equation to measure profit.
What is, Revenue-Expenses=Profit
Startups use this to make a strong case when they're starting in order to gain investors trust.
What is, a prototype