Entrepreneurial Companies
Who started Tesla?
Who is Elon Musk?
What is considered a startup?
What is a young company founded by one or more entrepreneurs to develop a unique product of service
How long does it take for an entrepreneur to make a profit?
3-4 Years
Who is the entrepreneur that runs the worlds largest social media apps?
Who is Mark Zuckerburg
What are some disadvantages of taking risks?
The fear of failure and being different may cause distrust in the company
Who founded Amazon?
Who is Jeff Bezos?
What is the food company that started at Miami University?
What is Chipotle?
What percent of startups fail?
90%
This entrepreneur created mass produced American made vehicles?
Henry Ford
What are some rewards that a startup entrepreneur might achieve?
The reward of personal freedom, financial opportunity and ownership.
What are three examples of Startups?
What is AirBnb, Instagram, LinkedIn, Uber, Facebook, and Twitter etc.
What is the difference between Entrepreneur and Startup founder?
Entrepreneur- an individual who looks for business opportunity and creates ways to make those businesses more profitable.
Start up founder- someone who creates a start up, who wants to change the market with their newly founded product.
what percent of small businesses seek venture funding?
43%
Who is Warren Buffet
What are the steps that startup entrepreneurs take that can lead to reward?
learn from experience, be confident, seek advice, be persistent, have an effective marketing plan, take risks, face challenges and multi-task.
what company did Andrew Carnegie start?
the Carnegie Steel Corporation
Name three requirements to start a business?
an idea, money, and mindset
Stages of a Startup? Where does product come in?
Concept and Research, Commitment, Traction, Refinement, Scaling, and Becoming Established. Product is there throughout all the steps because without product there is no company.
Who is the Entrepreneur that created the largest production companies and theme parks?
Who is Walt Disney?
How to manage risk?
Good planning and organization is key, hire experts to help them make a decision like an attorney and an accountant to help balance the risk.
Who is the founder of Microsoft? Which college did he attend?
Who is Bill Gates, and he attended Harvard
Is every company considered a start up?
no, not all companies are considered startups.
A startup is an entity that is experimenting with an initial idea to turn it to a business model and become a rocket ship (a fast growing company).
What are some examples of products that have exceeded the expectations?
Scrub daddy, Mad Rabbit, and Blip etc.
Who is the entrepreneur that had a flight to the upper atmosphere?
Richard Branson
If they take a risk and fail, how do startup entrepreneurs bounce back?
They must face failure and can’t give up and quit but to take some time to process what happened and to learn from their mistakes and get advice and have more thorough research and to not jump on the ball too quickly