This is a person that takes financial risk in order to make a business.
What is an entrepreneur?
100
Getting roughly this many years of experience working for someone else in a field that interests you is a good rule of thumb.
What is three years?
100
Using resources such as family, friends and credit cards to open a business.
What are Personal Resources?
100
This man created Myspace (Only first name needed)
Who is Tom?
100
Name three of the six entrepreneurial characteristics
What is vision, self-reliance, energy, confidence, tolerance of uncertainty, tolerance of failure?
200
What is a formal document that describes a business concept, outlines core business objectives, and details strategies and time lines for achieving objectives.
What is a business plan?
200
An organization affiliated with the Small Business Administration that provides free comprehensive business counseling for small business owners from qualified volunteers.
What is SCORE (The Service Corps for Retired Executives)
200
Money provided by banks and lenders that is repaid with interest.
What is a loan?
200
This man created Apple computers.
Who is Steve Jobs ?
200
Name three of the five business threats
What is high risk of failure, lack of knowledge/experience, too little money, bigger regulatory burden, higher health insurance cost?
300
These people invest in start-up companies with high growth potential in exchange for a share of ownership.
Who are Angel investors?
300
This provides an invaluable way to keep you and your team focused on success and it's crucial for obtaining outside funding.
What is a business plan?
300
Wealthy individuals who invest in promising start-up companies to make money for themselves.
What is an Angel investor?
300
This man started Wal-Mart and Sams Club.
Who is Samuel Waltin?
300
Name two of the four business opportunities.
What are market niches, personal customer service, lower overhead costs, technology?
400
These are local offices affiliated with Small Business Administration that provide comprehensive management assistance to current and prospective small business owners.
What are Small Business Development Centers or SBDCs?
400
An effective business plan is usually this many pages long and takes this amount of time to write.
What is 25-50 pages and six months?
400
This funds high-potential new companies in exchange for a share in ownership.
What are Venture capital firms?
400
These two men founded Microsoft.
Who are Bill Gates and Paul Allen?
400
These sparsely occupied spaces in the market tend to have fewer competitors because they are not big enough for large firms.
What is a market niche?
500
This is a deep seated sense that forces other than the individual are responsible for what happens in his or her life.
What is external locus of control?
500
Name five pieces of information that a final business plan should include.
What is an executive summary, description of business, marketing, competition, operating procedures, personnel, complete financial data and plan, appendix
500
94% of companies on the Inc 500 list of fastest growing firms raised start up funds from this funding area.
What are personal resources?
500
This man created Nike.
Who is Phil Knight?
500
This country had the highest entrepreneurship rate in 2004?