Basic Concepts
A person who starts and runs their own business.
What is an entrepreneur?
Bill Gates
Who is the founder of Microsoft?
Putting money into something in hopes of making more money.
What is an investment?
Skill that involves coming up with new ideas.
What is creativity?
The money a business makes after all expenses are paid.
What is a profit?
Steve Jobs
Who founded Apple?
C.E.O. stands for...
What is Chief Executive Officer?
Organizing your time to work efficiently.
What is time management?
A new company that is just beginning to develop.
What is a "start-up"?
Mark Zuckerberg
Who is the founder of Facebook?
The process of promoting and selling products or services.
What is marketing?
Giving responsibilities to others to get more done.
What is to delegate?
The total amount of money a business earns before expenses.
What is revenue?
Walt Disney
Who created the Disney company?
Telling people about a product or service to encourage them to buy it.
What is advertising?
Finding solutions to challenges or obstacles.
What is problem-solving?
The possibility of losing money or not succeeding.
What is risk?
Elon Musk
Who invented the first electric car company, Tesla?
A person who buys and uses a product.
What is a consumer?
Guiding and inspiring others to reach a goal.
What is goal setting?
Creating new ideas, products, or methods.
What is innovation?
Colonel Harland Sanders
Who is the creator of Kentucky Fried Chicken?
The relationship between the amount of a product available and the desire of consumers to buy it.
What is supply and demand?
It helps understand what customers and team members need.
What is listening?
The group of people a business aims to sell to.
What is target market?
Ole Kirk Christiansen
Who founded the company that makes LEGO toys?
Other companies selling similar products or services to the same customers.
What is the competition?
Being able to work hard and stay focused without needing someone to push you.
What is self-motivation?
Building connections and relationships with people who can help a business.
What is networking?
Rihanna
Who founded the fashion brand Fenty?
A symbol or design that represents a company.
What is a logo?
Because things can change quickly, businesses need to be...
What is adaptable?
A unique name, design, or symbol that identifies a business or product.
What is a brand?
Levi Strauss
Who invented blue jeans?
Helping and supporting people who buy or use products.
What is customer service?
Deciding on things you want to achieve and making a plan to do it.
What is goal-setting?