Advertising a Small-Start Up
______ is one of the most effective and easiest ways to launch a modern startup and set it on a fast-growth trajectory.
Sponsoring podcasts
What is the term for the speed at which money is being consumed?
Burn Rate
_______ _______ is a privately owned company that takes in less annual revenue compared to larger, more well-known corporations.
Small Business
What is an Entrepreneurial mindset?
A set of beliefs, knowledge, and thought processes that drives entrepreneurial behavior.
Innovative Entrepreneurs must bring ____ to their work, or business.
Creativity
A successful way to ensure a company advertises well is to first determine the ______.
Audience Profile
What is the name of a private company that is worth $1 billion
Unicorn
What is the difference between a small business and a large business?
A small business normally has a more specific target audience and plans for their business. Large businesses offer more variety and have a larger variety of consumer types.
What are the 5 C’s of entrepreneurship?
Credibility, clarity, conviction, capital, and concentration in execution.
Applying new and/or improved solutions in the market is known as?
Innovation
One way to target an audience for a start-up is by providing _____ promotions or services.
Free
What is the process of raising capital from a large group of small investors?
Crowdfunding
How do people pay for their own startup business?
Self-funding-saving up money in order to support yourself, Investors-venture capital investments which may lead to sharing ownership of the company, Loans-asking the bank to help with payments.
What does creativity have to do with entrepreneurship?
Creativity could be one of the most important attributes to successful entrepreneurs.
The company ____ became a threat to the Taxi industry and is also considered an entrepreneurial venture.
Uber
Every business, regardless of size, is likely to need a _____, which can be a logo, color, or tagline.
Brand
What is the name of a version of the product that allocates the maximum amount of knowledge from customers?
MVP
Name one benefit of starting a franchise.
Products and services will be well established for you, A franchisor allows for a startup with an owner with little business experience, The small business gets support from a bigger business, Franchisors may already have relationships within the business and may be able to help the owner along the way with connections, A franchisor makes financials easier on the new business owner.
What does failure have to do with entrepreneurship?
Every successful entrepreneur has experienced some type of failure. It’s important to not give up.
Economic development is highly associated with _____ by creating new wealth.
Entrepreneurship
Strategies to build and maintain loyalty in customers include ______ to customers when they provide insight.
Listening
What is the word when an entrepreneur acts on the realization that there is a better business opportunity than their current approach?
Pivot
What is the difference between opening a franchise and starting a business on your own?
Franchise-allows for investments, branding, and organization, Small Business-more flexibility but increased risk when getting investors, creating branding, and keeping everything organized.
How many different types of entrepreneurs are there?
Three. The Creator, The Builder and The Operator.
_____ ______ is a person who discovers totally new things?
Innovative entrepreneur