Entrepreneurship
Q: What do we call a person who starts and runs a business?
A: Entrepreneur
Q: What GPA number usually represents straight A’s?
A: 4.0
Q: What do we call money earned from a job or business?
A: Income
Q: What trait helps entrepreneurs keep going after failure?
A: Resilience
What city did Mr. Nielsen recently move to?
North plains
Q: What is the main goal of a business?
A: To make a profit
Q: What school activity often teaches leadership, teamwork, and time management?
A: Sports / clubs (accept multiple)
Q: What do we call money spent on rent, supplies, or utilities?
A: Expenses
Q: What do we call a problem customers are willing to pay to solve?
A: A pain point
What’s one thing Mr. Nielsen always says in class?
Answers vary
Q: What term means the money left over after expenses are paid?
A: Profit
Q: What do we call the classes required for graduation, not electives?
A: Required/core classes
Q: What does budgeting help you do?
A: Track and control spending
Q: Why is failure important in entrepreneurship?
A: It provides learning and feedback
What sport did Nielsen play in college?
Lacrosse
Q: What do we call the risk of losing money when starting a business?
A: Financial risk
Q: What is the main consequence of chronic absenteeism?
A: Lower grades / falling behind
Q: What is interest?
A: Money paid or earned for borrowing or saving money
Q: What mindset focuses on improvement through effort and learning?
A: Growth mindset
What’s Mr. Nielsen’s favorite kind of music?
Folk/Americana/Country/psychedelic rock/Bluegrass/Metal
Q: What business structure is the easiest and cheapest to start?
A: Sole proprietorship
Q: What skill is most important for balancing school, work, and activities?
A: Time management
Q: What is opportunity cost?
A: What you give up when choosing one option over another
Q: What famous entrepreneur founded Tesla and SpaceX?
A: Elon Musk (accept discussion if you want nuance)
HECK NO!