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Lesson 1: Intro to Entrepreneurship and Small Business NFTe Flashcards | StudBud
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Lesson 1: Intro to Entrepreneurship and Small Business NFTe
Lesson 1: Intro to Entrepreneurship and Small Business NFTe
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1
Which of the following is NOT a part of the Lean Canvas?
Key Metrics
Customer Needs
Problem
Customer Segments
2
A strategic management and lean startup template for developing new business models.
Pitch Deck
Lean Canvas
Business Summary
Business Plan
3
All are Rewards of Being an Entrepreneur EXCEPT
Helping Your Community
Unexpected Obstacles
Doing Work You Enjoy
Creating Greater Wealth
4
All are Risks of Being an Entrepreneur, EXCEPT
Loss of Income
Loss of Quality of Life
Making Your Own Rules
Potential Business Failure
5
Three C’s of a Business Plan EXCEPT
Concept
Customer
Canvas
Capital
6
What entrepreneurs get in exchange for starting a business; can include money, personal satisfaction, independence...
Problem
Risk
Solution
Reward
7
A difficult, unwelcome, or harmful situation
Reward
Problem
Risk
Solution
8
Which of the following is a crucial step for entrepreneurs to take prior to launching a business?
everyone in the world want to buy this product or service?
Does this business pose no risks at all?
Do my friend and family support me?
Do I think the rewards of this business could outweigh the risks?
9
The chance of losing something or having a negative outcome.
Reward
Solution
Problem
Risk
10
Someone who creates and runs a business.
Definition
Boss baby 👶
Entrepreneur
Manager
Elon Musk
11
The possibility of loss that comes with operating the business.
Risk
Problem
Reward
Business Risk
12
Statement of your business goals, the reasons you think these goals can be met, and how you are going to achieve them.
Pitch Deck
Business Summary
Business Plan
Lean Canvas
13
Which sections of the Lean Canvas are typically completed first?
Problem and Unique Value Proposition
Problem and Unfair Advantage
Key Metrics and Unfair Advantage
Problem and Solution
14
An organization that provides products or services. Definition
Business Risk
Amazon
Entrepreneurship
Business
15
An action or process of solving a problem.
Problem
Solution
Reward
Risk
