Entrepreneurship
Basics
Basics
An organization that provides goods and/or services to earn a profit.
What is a Business?
Founder of Nike.
Who is Phil Knight?
Selling products like clothes or electronics.
What is selling goods?
Sell services rather than products.
What are service businesses?
Continuing despite difficulties.
What is persistence?
Monica starts a small online store selling handmade jewelry. What is Monica?
Who is an entrepreneur?
A person who starts, owns, and operates a business.
Who is an entrepreneur?
Founder of Amazon.
Who is Jeff Bezos?
Providing activities for customers like haircuts or tutoring.
What are services?
Sell products directly to consumers.
What are retailing businesses?
Confidence in your own abilities.
What is self-confidence?
Tracey & Devin decided to open a bakery together, sharing both the profits and responsibilities for running the business. What type of business structure is this?
What is a partnership?
The money left after expenses are paid from sales revenue.
What is profit?
CEO and founder of Fanatics.
Who is Michael Rubin?
The process of starting and operating your own business.
What is Entrepreneurship?
Produce the products they sell.
What are manufacturing businesses?
Thinking of new and original ideas.
What is creativity?
Maria works for a company that grows wheat and sells it to bread manufacturers. Which sector of the economy is this this?
What is the primary sector or 1st level of the economy?
Give one reason why someone might become an entrepreneur?
What is be your own boss, make more money, pursue passion, create jobs, or make a difference?
Co-founder of Apple.
Who is Steve Jobs?
Creating something new or improving an existing product.
What is innovation?
Sell products to other businesses.
What is wholesaling businesses?
Setting goals and working hard to achieve them.
What is being goal-oriented?
David runs a factory that produces furniture from lumber. Which sector of the economy is this?
What is the secondary sector or 2nd level of the economy?
The simplest form of business structure, where a single individual owns & operates the business.
Founder of Tesla.
Who is Elon Musk?
Careers that allow you to learn financial and investment planning, banking, insurance, and business finanical management.
What is finance?
Strong desire to help others.
What is social entrepreneurship?
Taking chances despite uncertainty.
What is risk-taking?
Jasmine starts a tutoring service but must compete with other tutoring companies in her area. What is this an example of?
What is competition?
Business structure legally separate from its owners, that allows for the raising of capital through the sale of stock & offers.
What is a Corporation?
Built cosemetics empire in the early 1900s and became one of America's first self-made female millionaires.
Who is Madam C.J. Walker?
Careers that all you to demonstrate your creativity through promotional campaigns, event planning, and sales techniques.
What is marketing, sales, & services?
Focus on being organic and environmentally.
What is "green" entrepreneurship?
An evaluation of your strengths and weaknesses.
What is a self-assessment?
Hannah owns a marketing agency that helps companies advertise their products and reach new customers. Which sector of the economy is this?
What is the tertiary sector or 3rd level of the economy?