Show:
What It Takes
Famous Entrepreneurs
Starting a Business
Rewards & Risks
Vocabulary
100
This is the age limit to become an entrepreneur.
What is: Any age?
100
This innovator founded Ford Motors and forever changed manufacturing.
Who is Henry Ford?
100
These are the four basic economic inputs; important factors when starting a business.
What are land, labor, capital, and entrepreneurship?
100

This term describes a situation where the demand for a product or service is fully met by existing suppliers, making it difficult for new businesses to enter the market and succeed.

What is market saturation

100
This is one who is considering going into business for themselves.
What is an Entrepreneur?
200
These are two of the five skills of an entrepreneur.
What are vision, leadership, networking, teambuilding, and selling?
200
This gregarious entrepreneur started Virgin Airlines (and Virgin Mobile, and Virgin Records, and Virgin Money, and Virgin Galactic, etc.)
Who is Richard Branson?
200

This document outlines the fundamental details of a business, including its name, structure, and mission statement.

Business plan

200
As an Entrepreneur, you control this.
What are your wages, hours, business, employees, etc?
200
This is the research you do to discover whether your product or service is viable.
What is market research?
300
These are two things can businesses sell.
What is a product or a service?
300

He is the founder of Microsoft.

Who is Bill Gates (and/or Paul Allen)? 

300

This term refers to the unique combination of a business's name, logo, design, and symbols that represent its identity in the marketplace.

What is a brand

300
This is a risk of starting a business.
What is a loss of capital, business failure, bankruptcy, etc.?
300
This is the term for a second-round financing mechanism made up of professional investors.
What is venture capital?
400
These characteristics usually apply to people starting a business.
What are motivation, leadership, opportunity obsession, creativity, self-reliance, and risk/ambiguity tolerance?
400
This entrepreneur started Tesla Motors and SpaceX.
Who is Elon Musk?
400
This is how you claim your business name.
What is a fictitious business name statement? (Or, What is a trademark?)
400
This is the money a one puts into a business. (One of the basic economic inputs.)
What is capital?
400
This is the term used for when wants are greater than resources.
What is scarcity?
500

An individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt or ownership equity.

What is an angel investor

500
This founder of Wal-Mart & Sam's Club is famous for his simple lifestyle and his obsessive drive to remove extra costs from his business.
Who is Sam Walton?
500
This is a group of people whom you have chosen to serve specifically based on their characteristics.
What is a target market?
500

This is a form of business organization.

What are sole proprietorship, partnership, incorporation?

500

This term describes the process of turning an idea or invention into a marketable product or service.

what is commercialization