What it takes
What is the age limit to become an entrepreneur
None
Who is the founder of Apple?
Steve Jobs
What is an important factor when starting a business
money, location, workers
Give an example of a reward
prizes, money, a service, a product, etc.
What is one called who is considering going into business for themselves
Entrepreneur
What are two characteristics of an entrepreneur
Determination, Hardwork, Perseverance , Leadership, etc.
What innovation allowed for a digital marketplace to exist?
The Internet
As an Entrepreneur, you control your ________
wage, hours, business, employees, etc.
What is a gig?
a job, especially one that is temporary or freelance and performed on an informal or on-demand basis.
Entrepreneurs must know what to sell. What two things can businesses sell
a product and/or service
Who is the founder of Microsoft
Bill Gates
What is an advantage to starting your own business
no debt and no bad reputation
What is a risk
a gain, loss, or failure; bankruptcy, investing, etc.
What is a specialized, small, or focused market segment, usually social media influencers are experts in these
Niche
The four ____________ of business are dream it, create it, grow it, manage it
Phases
Who created Facebook
Mark Zuckerberg
What is a way to become an entrepreneur
buy a business, take over a family business, and start a business
What is it called when a business makes money?
Profit
What is a business plan?
Detailed outline of business plan including mission statement
What is something an entrepreneur must know
regulations, the economy, the market, etc.
Who is the founder of Wal-Mart & Sam's Club
Sam Walton
What is an advantage to finding a target market
understanding who to sell to, producing a product/service that will sell
What is risk tolerance?
Amount of risk one is willing to take
How many people are considered a small business?
1-500