Entrepreneurship Basics
What is entrepreneurship?
What is the process of running a business of one's own.
What is self-assessment?
What is an evaluation of your strength and weaknesses?
What are possibilities that arise from existing conditions?
What is opportunity?
What is the action of leading a group of people or organization?
What is leadership?
What is the definition of franchise?
What is a legal agreement for an individual to market/use a company's product/brand/service?
What is an entrepreneur?
What is people who own, operate, and take the risk of a business venture.
Name 2 characteristics of successful entrepreneurs.
What is perseverance, determination, goal setter, ability to handle failure, hard worker, confident, independent, think quickly, creative.
What are thoughts or concepts that come from creative thinking?
What are ideas?
What is being dedicated to a cause, activity, etc.
What is commitment?
Name 2 ways to become an entrepreneur besides starting a business from scratch.
What is buy an existing business, join a family business, or open a franchise?
Who are employees?
What is people who work for someone else?
List 2 disadvantage of entrepreneurship.
What is entrepreneurship is risky, entrepreneurs face uncertain and irregular incomes, entrepreneurs work long hours, entrepreneurs must make all decisions by themselves?
What are special meetings where companies of the same or related industry display their product.
What are trade shows?
What is the process of organizing and planning how to divide your time between specific activities?
What is time management?
What type of ownership is owning a business by yourself?
What is a sole proprietorship?
Name the largest manufacturing business in Anderson.
What is Bosch
List 2 advantages of entrepreneurship.
What is entrepreneurs are their own bosses, entrepreneurs can choose a business that interest them, entrepreneurs can be creative, entrepreneurs can make large sums of money.
What is define the problem, gather information, identify Various solutions, evaluate alternatives and select the best option, take action, evaluate the action.
What is the problem-solving model?
What is being honest and doing what is right when no one is watching?
What is integrity?
What is going into business with 2 or more people called?
What is a partnership?
What are the 4 types of businesses that entrepreneurs can be involved in?
What is wholesale, manufacturing, retail and service?
What are four characteristics of good team members?
What is commitment, competency, communication, cooperation, creativity?
Name the 5 smart goals.
What is Specific, Measurable, Attainable, Realistic, Timely?
What is it called when two or more people work together to resolve a disagreement peacefully?
What is conflict resolution?
What is a company that operates independently or "separately" from its owners?
What is a corporation?