Entrepreneurship #1
Explain what is an Intrapreneur?
A person who works for a company but display the characteristics of an entrepreneur.
What is a Sole Proprietorship?
You are entitled to all of the profits and debt.
When one person buys a Labubu and modifies it they can then choose to sell it to someone else and this is called
Resell
Describe what is a trademark?
What is an intellectual property that consist of a word, phrase, symbol or design?
What is a short catchy phrase that serves as the company's brand. It symbolize what the company offer, its core message and its identity?
What is a Tagline or Slogan?
What do you call an intellectual property that gives the owner the right to copy, distribute, display creative artistic work?
What is Copyright?
What are some ways to reduce your spending on social media?
Make a budget
Don't buy items because of influencers
Make a wish list
Find an accountability buddy
Name 3 traits of an Entrepreneur?
Creativity, Risk Tolerance, Flexibility, Passion, Persistence/Resilience
What are advantages of a Partnership when starting a business?
1. Easy and Inexpensive to start
2. Shared Financial Commitment
3. Partnership Incentives for Employees
Which one is NOT an advantage of starting a business as an entrepreneur?
Prestige, Equity, Financial Commitment, Control, Financial Gain, Independence
What is Financial Commitment?
Which one is NOT a disadvantage of starting a business as an entrepreneur?
Time Commitment, Opportunity, Financial Commitment, Risk, Uncertainty
What is Opportunity?
The ACA - Accessible Canada Act makes sure what is accessible?
Websites for businesses and other stuff.
Which reason is NOT what an entrepreneur looks for when starting a business?
Assuming the risk, Irregular Work Hours, Regular Paychecks, Accountable for everything
What is a Regular Paycheck?
Name 3 reasons why business ventures fail?
1. Lack of Planning
2. Failure to Delegate
3. Unwillingness to change
4. Failure to manage cash flow
5. Failure to ask the right questions
Beyonce deal with Netflix was for $60 Million for 3 shows for her documentary "Homecoming". Beyonce was liable for all 100 dancers, marching bands and special guests. She was executive producer along with Netflix. Which business ownership would best suit Beyonce in this situation?
What is a Partnership?
reels, posts, stories
Entrepreneurs use these because they allow more information to be shared in a single post.
What is an instagram carousel?
The purpose of a carousel over a single posts is to?
Keep users on the app longer.
Instagram is the only way to advertise a new business.
False
Teens can not be entrpreneurs as they have school during the day.
False. There are many successful teen entrepreneurs all over the world.