Entrepreneurship One:
It Has Begun
It Has Begun
the process of running your own business
What is entrepreneurship?
Someone who creates a new product
What is an inventor?
An idea for a company, product or service
What is a business idea?
This is how much money you spend to make or buy something.
Cost
The man who's known for eletric cars and spaceships
Elon Musk
someone who owns, operates, and takes the risk of a business venture.
What is an entrepreneur?
What are 2 disadvantages of entrepreneurship.
Risky
Uncertain and irregular incomes
Long work hours
More responsibilities
...
A consumer problem, need or desire for which a business could provide a solution
What is a business opportunity?
When there is no or little competition, this exists.
What is a monopoly?
What is the name of the company that Soichiri Honda founded?
Honda Motor Company
people who work for someone else
Who are employees?
What are2 advantages of entrepreneurship.
Your own boss
Flexibility
Pursuing Passion
Creativity
Personal fulfillment
...
A legal agreement for an individual to market a company's product or service
What is franchise?
What is competition?
This British duo is known for their luxury car brand, what is it called?
Rolls&Royce
When money is exchange for a product, this forms
What is an economy?
Name the 2 reasons why business fails
Financial Problems
Bad Management
Bad Business Plan
Bad Marketing
The person or group of people in charge of making sure everything runs smoothly.
Management
The public intended for your product or service
Target audience
What kind of vehicle made Honda into a well known company?
Bikes
What do you call when there are several employees, teams and departments all working under the same person and/or towards the same goal
A company
Name four parts of a business.
Production
Finance
Marketing
Customer service
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What do you call the "president" of a company
CEO
What are demographics?
Charles Rolls unfortunately died in a tragic and unique accident, what was it?
A plane crash