Entrepreneurship
The process of recognizing/creating an opportunity, testing it in the market, and gathering resources necessary to go into business.
What is entrepreneurship?
Creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
What is intellectual property?
Being a strong planner and comfortable taking risks make someone a strong candidate for this.
What is entrepreneurship?
Self employed Americans are required to have this.
What is health insurance?
Finish the quote. "Under-promise and ____________"
What is over-deliver?
An individual who undertakes the creation, organization, and ownership of an innovative business with the potential for growth
What is an entrepreneur?
Which of these cannot be patented? Processes, Machines, Words, or Compositions of Matter.
What are words?
The percentage of American workers expected to be self employed in 2020.
What is 40%?
In addition to health insurance, entrepreneurs must all acquire this account for their future.
What is a retirement fund?
Team strength and effectiveness is especially critical within these.
What are small companies/startups?
A business organization that is formed by an entrepreneur or a group of entrepreneurs.
What is a start up?
Which of these do trademarks not protect? Words, designs, symbols, or original works of authorship?
What are original works of authorship?
The term that the IRS uses for someone hired to complete a job with minimal supervision as to how the work gets done.
What is an independent contractor?
The opposite of a peak month.
What is a lean month?
2 things are most likely to cause early start up failure. Ineffective teams and this.
What is running out of money?
The defining characteristic of startups.
What is growth?
The standard US patent lasts this many years.
What is 20 years?
What are technology improvements?
The amount of living expenses a self employed entrepreneur should save in an amount of months.
What is 6 to 12 months?
Money that is paid to shareholders of a company.
What are dividends?
An employee tasked with developing an innovative idea or project within a company.
What is an intrapreneur?
The length of copyright protection after the author passes.
What is 70 years?
Independent contractors are allowed these freedoms in their work.
What are working at the time and location of their choosing?
Self employed individuals must pay how many times more for their individual taxes?
What is two times more? (15.3% as opposed to 7.65%)
Adapting a product/service to meet the needs of a large, established corporation.
What is product scaling?