Entrepreneurs, entrepreneurship
What is an entrepreneur?
A person who creates a new business, taking on financial risks in hopes of making a profit, by identifying an opportunity and bringing a new product, service, or idea to market, often disrupting the status quo
Is social media good for advertising?
Yes, it is a very good place to advertise.
Does a patent last forever?
no
What is bootstrapping?
Using your own money to start a business.
What are the risks of being an entrpreneur?
Significant financial uncertainty (losing savings, no steady paycheck), market/competitive challenges, immense time commitment, high stress and burnout, potential for work-life imbalance, and risks to your reputation and career stability, with a high overall failure rate for new businesses
Who created Facebook?
Mark Zukerberg, and Eduardo Saverin
What does a copyright protect?
Protects books, music, movies, and artwork.
What is an advantage of bootstrapping?
Keeping full ownership and control.
What are benefits of entrepreneurship?
Get to work for yourself as-well as other benefits.
Who created Tik-Tok?
Zhang Yiming, or ByteDance
How long does a copyright last?
Authors life plus 70 years.
What are angel investors?
Wealthy individuals who invest their own money in startups
What is the primary purpose of a business plan?
To act as a comprehensive roadmap, detailing a company's objectives, strategies, and path to profitability
How many users are on Tik-Tok?
Nearly 2 billion monthly active users globally as of late 2025, with estimates ranging from 1.9 to over 2 billion
What is the U.S. Patent and Trademark Office (USPTO)?
This government office grants patents in the United States.
What is compound interest?
When interest is calculated on both the original loan and previous interest, it is called this.
What are the five components of the Entrepreneurial Start-Up Process?
The entrepreneur, the environment, the opportunity, start up resources, and the new venture organization.
What is the 80 percent 20 percent rule with Social Media Buisness?
80 percent is trying to relate to your followers 20 percent is for advertising your product?
How long does a trademark last?
10 years but can renew indefinitely.
What is mentorship (or business advice/networking)?
In addition to money, angel investors often provide this valuable benefit to startups.