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 intelluctual property?
What is and orginal creative work usually by an artist or inventor.
What is the purpose of a CTSO?
Career exploration
Networking
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 isworking together to reach a common goal?
What is teamwork?
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?
What is a contract and how manyrequirments are there to qualify it as legally binding?
What does FBLA stand for?
Future Business Leaders of America
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 oadjusting easily to chnage with no complaints?
What is adaptability/flexibility?
What type of ownership is owning a business by yourself?
What is a sole proprietorship?
Which law bans the sale of impure, imporperly labeled, falsely guaranteed and unhealthy: food, drugs and cosmetics?
What is the federal food drug act of 1938?
What is DECA?
What is 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?
Why should the federal trade commission matter to all Americans?
Because they deal with issues that touch the ecomonic life of every American.
Which CTSO is for students interested in health care fields?
HOSA
What are the 4 types of businesses?
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 parts of smart goals.
What is Specific, Measurable, Attainable, Realistic, Timely?
Doing a task and completing the task no matter how difficult is called what?
What is perseverance?
What is a company that operates independently or "separately" from its owners?
What is a corporation?
How long does a patent last and how long does a copyright last?
Patent - 20 Years
Copyright - Lifetime of the author/creator plus 70 years.
Define CTSO's. What does it stand for and what are they?
Career Technical Student Organizations, STUDENT LED clubs that provide opportunities for students to explore careers, become leaders and engegae in hands-on activities.