Entrepreneur Mindset, Risks, Benefits
__________is the amount of loss one is willing to take when making an investment decision.
a. bankruptcy
b. risk tolerance
c. environmental loss
d. investment
B. risk tolerance
An investment that lets a buyer start a business
business opportunity
name one
business plan, pitch deck, lean canvas
How do we protect intellectual property, trade secrets, company names, company logos, and patents?
Intellectual Property Laws
what is the name of the person who creates the company?
Founder
Having a ____________mindset means believing that one can accomplish anything thru hard work.
a. Grit
b. initiative
c. growth
d. forward thinking
C. growth
which business opportunity involves recruiting marketers to join a team?
think mary kay, avon
network marketing
There are 4 basic elements to a business plan?
name one
executive summary,
a marketing plan,
an organizational structure,
and a financial plan.
Gio is composing a song & wants to protect it from being copied. which intellectual property law would best protect Gio's song?
Copyright
who reports to the board of directors
CEO
Name one example of an environmental risk
natural disasters, poor food supplies, inflation
which business opportunity involves higher start-up costs?
franchise
Which section of the business plan is the most important and explains briefly everything
executive plan
Blue came up with a secret banana recipe that she sells in her bakery. which intellectual property law would best protect her recipe?
trade secret
In what business life cycle is when an owner decides whether to continue growing the business or to sell the business.
Take off stage
Name one example of a political risk
tax rates
what are the 5 factors to determine the viability of a business opportunity?
name at least 1
market size
relationships
managing cash flow
management skillset
Passion
Which section of the business plan determines if there is a large enough customer pool?
Marketing plan
Hilary works for a tech company and is designing a new style of headphones. which intellectual property law would best protect Hilary?
Patent
There are 5 steps in the design thinking process. what is the name of the step where you create solutions
Ideate
name one financial risk that an entrepreneur might face
bankruptcy, or no promise of income
which viability factor analyzes the skills of employees?
Management skillset
What is the purpose of a pitch deck?
attracting investors,
getting them excited
getting another meeting
Yaneliz designed a company logo for her new gym. Which intellectual property law would best protect her logo?
Trademark
Alanis started a new flower shop last year. She has a good customer base and money coming in. In which business life cycle stage is Alanis?
Survival