Famous Entrepreneurs
This individual studied Computer Science at Harvard University. They founded and developed an app that was originally just intended for Harvard students, Facebook. They became the world's youngest billionaire in 2008.
Who is Mark Zuckerberg?
This is the likelihood that an undesirable outcome will occur, and is something that all entrepreneurs have to juggle with.
What is Risk?
Money provided by various sources to finance the operations of a business.
What is funding?
This exit strategy is normally the last resort. This is when a company doesn’t have enough money to pay off their debt. It liquidates the companies assets to reconstruct their debts.
What is Bankruptcy?
The physical where a business operates.
What is location?
This individual left high-school a year early to attend the University of Pittsburgh, then transferred to Indiana's Kelley School of Business. They appear on the television show “Shark Tank”, and are additionally the owner of the Dallas Mavericks.
Who is Mark Cuban?
This is the ability for a startup to grow as a business as demand begins to pick up by increasing supply.
What is Scalability?
A financial account used for business transactions.
What is a business bank account?
When a company sells their assets in order to pay off their debt and close their business.
What is Liquidate?
A distinct identity of a business to differentiate it.
What is branding?
This individual attended Tennessee State University with a degree in speech communications and performing arts. They are best known for their talk show that aired from 1986-2011, and are known as the “Queen of All Media”.
Who is Oprah Winfrey?
A person or business that innovates in their field. This is what investors look for in startups.
What is a Disruptor?
Giving you funding to start your business in the form of venture capital investments.
What are investors?
An exit strategy where an owner sells the business to the existing management team.
What is Management Buyout (MBO)?
Quantity of a good or service that consumer are willing and able to purchase.
What is demand?
This individual is most commonly known for their musical ability, and has been a Super Bowl performer, but additionally they are an actress and entrepreneur. They have a popular makeup line called “Fenty Beauty” that is praised for their variety in shades for all skin tones.
Who is Rhianna?
This term describes the strategy that entrepreneurs form to remove themselves from the company while acquiring a profit.
What is Exit Strategy?
Receives and maintains financial transactions data.
What is the Financial Crimes Enforcement Network (FinCEN)?
A business transaction where one company combines with or takes over another company.
What is Merger & Acquisition (M&A)?
The total number of potential buyers for a product or service.
What is market size?
This individual started their company “Lyrical Lemonade” in highschool, and went on to drop out of Depaul University. They now work with various famous music artists to produce music videos, and additionally host an annual music festival outside of Chicago called “Summer Smash”.
Who is Cole Bennett?
This strategy is defined as starting and financing a business with no external capital and stretching that far as possible.
What is Bootstrap Financing?
A retirement plan for self-employed people.
What is a Keogh Plan?
When a company is transferring from private ownership to public ownership. The company then starts to sell shares of its stock in order to help gain capital.
What is IPO (initial public offering)?
Gathering information about customers and target markets for a startup.
What is Market research?