Entrepreneurship failures
After being rejected by a dozen publishers, she never gave up and eventually became one of the most famous writers
Who is J.K Rowlings
Who founded Amazon?
Jeff Bezos
Is location the most important aspect of a business?
If a business is just getting established in the retail industry, then the most essential part of success is location.
A ____ can help establish the right policies, processes, and reporting structures for a setup.
What is a Chief Financial Officer (CFO)
What is an example of the subscription business model?
Netflix, Amazon Prime, etc.
He had multiple mistakes when first launching his company, but after many tweaks, he had one of the most famous businesses
Who is Jeff Bezos
Who is the co-founder of Microsoft?
Bill Gates
Why is competition important within a startup entrepreneurship?
Competition pushes you to be innovative, focused, and persevering.
A _____ should be a type of leader who can see and notify problems to the boss while also being able to make changes
What is a project manager.
What is the best business model to use when first starting up?
There is no right answer here. First focus on what business you want to start up, and what could be done to attract and satisfy customers. From there, discover what business model would work best.
Before funding KFC, he faced rejection over 1000 times when trying to sell his chicken recipes to restaurants
Who is Colonel Harland Sanders
Phil Knight
How many investors should you have when doing a startup?
Start with a list of approximately 40 qualified investors.
________ is in charge of devising different strategies and ways to promote a company’s products and/or services.
What is a Chief Marketing Officer (CMO)
What is a startup business model?
Basically, lays out how your startup business is going to function and work. It’s a blueprint for the end goal of the startup.
Funded three candy companies that were all unsuccessful before he started Hershey which became one of the world's biggest chocolate companies
Who is Milton Hershey's
Who founded Alibaba?
Jack Ma
Do you have to have money to start a business?
While money can make it easier to start a business, it's certainly not necessary.
__________ oversees the daily operations of a business and reports to the boss on the operations.
What is a Chief Operating Officer (COO)
Nintendo sells their game consoles at a lower price but requires customers to purchase games and add-ons separately. What kind of business model is this?
Razor and Blade Model
First attempted to to launch FunBug but had investors lose millions of dollars before launching what is now known as GoPro
Who is Nick Woodman
Who co-founded Google?
Larry Page and Sergey Brin
What are the biggest risks when becoming an entrepreneur?
Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
_________ Help design and make the website for the company.
What is Web Designer and Developer.
What is the most common business model?
Retail is the most commonly used business model. It entails buying products from a producer and reselling those products at an increased price in order to make a profit.