Entrepreneurship
Miscellaneous
Miscellaneous
What is a side-hustle?
A job in addition to your regular full time position. People have side-hustles to make extra money.
What does SBA stand for?
Small Business Administration
What entrepreneur stated Amazon?
Jeff Bezos
The biggest risk that entrepreneurs face is _______
Financial risk
A virtual business also knows as a ______ ______ company, can make shopping easier and more efficient for consumers.
dot com
A written description of a new business venture that describes all aspects of the business
A business plan.
What does the SBA do?
What company did Steve Jobs start?
Apple
Lack of ___________ due to working long hours is a challenge for entrepreneurs.
Sleep
Name a reward for being an entrepreneur.
various answers
There are ________ essential parts of a business plan.
15
The SBA is a _____________________ agency.
Government
What business did Lori Greiner (from Shark Tank) start?
QVC
Identify another challenge of being an entrepreneur. (Must be something not named before)
various
Name 2 rewards of being an entrepreneur.
Various answers
A new business undertaking that involves risk is called what?
Venture
A business is considered "small" if it employs fewer than _________ people.
500
Who is the richest entrepreneur in the world currently?
Elon Musk
Name 2 other challenges (risks) of being an entrepreneur. (Must be things not already mentioned)
Various
Small Businesses employ _______ % of the US work force.
50%
Name 5 personal characteristics of great entrepreneurs
Responsible, hardworking, risk-taking, persistent, restless, self-demanding, action-oriented, creative, independent, enthusiastic, goal-oriented, driven, inquisitive, etc.
More than _________ % of US firms are small businesses.
99%
Who is Warren Buffet? What company did he start?
Billionaire who started Berkshire Hathaway
Why are entrepreneurs important to the American economy? (2 things)
They provide consumers with new products and services, which stimulates the economy and creates jobs.
What is the number 1 reason people become an entrepreneur?
Being your own boss