Characteristics of a successful entrepreneur
Creativity
The quality of being honest and having strong moral principles: moral uprightness
Integrity
How many main ways are there for a startup to raise capital?
There are 6 main methods of raising capital for a startup
What is one trait athletes and entrepreneurs alike must have to be successful?
self- confidence
This person needs to know anything and everything about a given product that the firm intends to sell. They then need to be able to relay that information to others outside the firm.
Salesperson
This trait provides individuals the ability to not be afraid to take on a challenge
Risk-Taking
ability to delegate
What is it called when an entrepreneur funds a project by raising small amounts of money from many people?
crowdfunding
Is a certain form of education necessary to become an entreprenuer?
no, but certain traits are necessary to become an entrepreneur
This entry-level position is responsible for helping customers solve problems they have with the companies product or service.
Customer Service Representative
This trait provides entrepreneurs the ability to see their ideas reach its full potential.
Goal Mindset
The quality of being thankful
gratitude
This type of funding requires the business to be out of the startup phase and be seeking a large investment and mentorship, and they must be willing to give up equity.
Venture Capital
when setting up a business, your finances have to be very clear and organized. what is a financial sheet for a business called?
financial plan
This is the highest-ranking executive within a company. It is their job to make the major decisions necessary to grow the company
CEO
This trait provides individuals with the ability to be able to go with the flow and change their perspective when necessary.
Adaptability
courage
This type of funding requires creative solutions and can be extremely challenging, but you don't owe anyone money, and retain all of the equity
Bootstrapping
true or false: most business ideas start with a group of customers with a common problem?
true
CFO
This trait allows entrepreneurs to overcome challenges
Conscious knowledge of one's own character, feelings, motives and desires
self-awareness
This type of funding is much more relaxed and casual
Loans from family and friends
When an idea fails in entrepreneurship, what should be your first step?
You should first try to fi the issues you have addressed.
This is the senior executive tasked with managing the day-to=day operations of the company
COO