The Essentials of Startup Entrepreneurship
What are different ways entrepreneurs get money to fund their business?
What is, Using personal funds, finding investors, or taking out loans.
The trait of desiring to learn more and asking questions?
What is, Curiosity.
What is an entrepreneur?
Someone who starts their own business.
Startup companies provide how many jobs in the U.S?
What is 3 million.
What was the problem Elon Musk was trying to solve?
What is, More space travel, more studies, and tests using rockets that are cheaper in cost and more fuel efficient.
Do entrepreneurs need experience running a business to be successful?
What is, No, starting a business without any prior experience is possible and has been done
The trait of being able to change in response to a challenge or opportunity?
What is, Adaptability.
What is a Startup Company?
This term typically refers to a new business that an entrepreneur intends to scale, and they typically require a series of funding stages to do so.
What percentage of startup companies fail in the first year?
What is 90%.
How did Steve jobs come up with apple?
What is, He had a vision of changing the way people viewed and used computer.
Do entrepreneurs always create something new?
What is, No, entrepreneurs can take a product or idea and make it better, not inventing something new
The trait of making decisions or taking action with the chance of failure?
What is, Risk-Tolerance.
What is the most popular industry for small business entrepreneurs?
What is Retail.
Entrepreneurs filed how many new businesses in 2019?
What is 5.2 million.
How did Mark Zuckerberg come up with Facebook?
What is, Originally it started as a way for Harvard students to connect, but then it quickly started to expand once his target audience and app users grew in numbers. grew in numbers.
Do entrepreneurs create a fully laid out business plan in the beginning stages of creating their business?
What is, No, most create a simple business plan and update it when they get feedback from the public/consumers.
The trait of pushing through when faced with set-backs and failure?
What is, Persistence.
What is the most popular industry for small business entrepreneurs?
What is Retail.
Blank percent of adults believe small businesses are a good thing for the economy?
What is 86%.
Who is Jeff Bezos?
What is, the founder of Amazon.
Do entrepreneurs test their ideas to the public to see of they work?
What is, Yes, entrepreneurs do test their business ideas to the public to see if their product/business will work.
The trait of understanding your strengths and weaknesses?
What is, Self-Awareness.
Most startup founders have what?
What is a college degree.
41% of small businesses made over blank in their first year?
What is a million dollars.
Who is Bill gates?
What is, Bill Gates is the co-founder of Microsoft.