Show:
Entrepreneur 1
Entrepreneur 2
Entrepreneur 3
Entrepreneur 4
Entrepreneur 5
100
taking on both the risks and responsibilities of starting a new business is called a _________
Entrepreneur
100
The money that remains from a businesses income after paying all expenses called?
Profit
100

Entrepreneurs take on all except

 a) risk 

b) reward 

c) steady income 

d) challenges

C. Steady Income

100

An entrepreneur can only have two types of business. Service based or product based. 

True or False

True

100

Getting a haircut is an example of a _________

(Product OR Service)

A service

200

These 7 traits describe a ...

Tenacity         Vision

Passion           Self- Belief

Tolerance of Ambiguity        Flexibility

Rule Breaking

 


Successful entrepreneur

200
Money a person earns from their business is called
Income
200
People who make or grow goods are called
Producers
200

The Founder of a cosmetics company would be considered a ______

Entrepreneur

200

It is important to ________ your product or service so people know who you are

Market/Marketing/Advertise

300
Is it true that successful entrepreneurs can fail?
Yes
300
Most entrepreneurs start what type of business?
Sole Proprietorship
300

Name one of the reasons people become entrepreneurs.

Ms. Triggs will judge! (Raise your hand)

300

Organization is not very important in being an entrepreneur. True or False

False 

Organization IS important!

300
Can an entrepreneur can own an online business...
YES
400

Define Entrepreneur

Some one who takes the financial risks to start and maintain a business. 

400
A business owned and run by 2 or more people is called...
Partnership
400
A ___ is the hardest type of business to start of the 3 we have studied.
Corporation
400
A ___ is the easiest type of business to start of the 3 we have studied.
Sole Proprietorship
400
A negative (drawback) of starting a sole proprietorship is...
You have to do everything yourself!
500
An entrepreneur is someone who is their own boss? True or False
True
500
Name the three types of business we have covered in class.
Sole proprietorship, Partnership, and Corporation
500
Ownership in a company is also called _________
Equity
500
People on shark tank are not entrepreneurs. True or false
False, they ARE!
500
A person who starts a new business and takes on the risks, responsibilities, and potential rewards of owning and operating a new business?
Entrepreneur