Name that Entrepreneur
Who is the youngest self-made billionaire in the world according to Forbes?
Elizabeth Holmes
What do you do to understand your client?
Interviews
Startups can be defined as:
The birth of a new idea being shaped into a profitable company.
What are the most profitable small businesses?
Accounting services
What state has the most startups?
California
Whose novel was denied 15 times before being published?
JK Rowling
How can you advertise your company?
TV advertisements, Paper advertisements, Website, Social media
Major Corporations can be defined as:
Businesses already running and making major profits, usually making up a large portion of their respective sector.
What type of entrepreneurship is more valuable in small businesses?
Startup Entrepreneurship
Which startup famously failed 14 times?
Virgin
What entrepreneur applied and was declined for an engineering position at what would come to be his rival company?
Soichiro Honda
Who do you go to understand your finances for your business?
Accountants, Finance Personnel, Economics Personnel
Do startups test a product BEFORE or AFTER developing it?
Before
How many small businesses fail in their first year?
About 20%
What is the fastest growing company in 2019?
Momo
Whose company started as an online book selling market in 1994 and didn't turn a profit until 2001?
Jeff Bezos
How do you create a pitch?
Know the client, the problem and why it’s a problem, Have a novel solution, and be confident
Which is considered more a “creature of habit,” corporations or startups?
Corporations
What is the certification for a small business?
Small Business Enterprise (SBE) certification
How many jobs did startups create in 2015?
Over 2 million
Which successful investor lives in the same house that he purchased 50 years ago?
Warren Buffet
How do you make sure your idea is unique?
Research other businesses and see what solutions already exist
New companies and small businesses are examples of...
Startups
True or False: small businesses are a branch of large corporations
False
What period do most startups fail?
First 4 years