Show:
Challenges, Experience, Goals
Blue Ocean Strategy
Types of Ventures
Impacts of Entrepreneurship
Wild Card
100
Other than lack of knowledge this is one of the major challenges that young entrepreneurs face.
What is lack of experience?
100
This captures the current "state of play" in the known market space.
What is the Blue Ocean Strategy?
100
United Way is an example of this type of venture.
What is not-for-profit?
100
Through competition, entrepreneurs help do this.
What is lower prices?
100
This person invented Facebook.
Who is Mark Zuckerberg?
200
Young entrepreneurs typically lack these two things related to financing their venture.
What is collateral and credit history?
200
When Netflix got rid of stores and focused on DVD delivery by mail and then streaming they followed this stage of the Blue Ocean Strategy.
What is eliminate?
200
This size of venture serves a need in the local community only.
What is a small scale venture?
200
This is very important because they have their own ethnic and cultural interests that local entrepreneurs can support.
What is immigration?
200
Donald Trump is an entrepreneur and became a billionaire because of what industry?
What is real estate/ construction?
300
These organizations help young entrepreneurs navigate the red tape associated with starting a venture.
What are business incubators?
300
Cirque du Soleil has a theme and refined environment because of this stage of the Blue Ocean Strategy.
What is create?
300
Businesses are increasingly starting online-- they are called type of venture.
What is a virtual (or online) venture?
300
This demographic is really important for entrepreneurs to understand because most of them have recently retired and have money to spend.
What are Baby Boomers?
300
This person was the first person eliminated from The Apprentice.
Who is David Gould?
400
This is the acronym used for goal setting.
What is S.M.A.R.T?
400
This is the stage of the four action framework that looks at an aspect of the industry that already exists and makes it better.
What is raise?
400
This is the term used to measure of all the goods and services produced in Canada in one year.
What is GDP?
400
This is the study of people in a population.
What is demographics?
400
Facebook is an example of this type of idea creation/ business creation.
What is an innovation?
500
Working part time or full time before starting a venture is important because it provides this.
What is experience?
500
This is the type of strategy where you try to beat the competition instead of making the competition irrelevant.
What is the Red Ocean Strategy?
500
This is the name of the trade agreement that includes Canada, the United States, and Mexico.
What is NAFTA?
500
This is the term used to explain how job creation positively impacts the entire community and creates more jobs in other industries.
What is the multiplier effect?
500
This person was the venture capitalist who made a $500 000 angel investment in Facebook
Who is Peter Thiel?