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Entrepreneurship Chap. 1 Flashcards | StudBud
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Entrepreneurship Chap. 1
Entrepreneurship
Where do entrepreneurs get money for their business?
Entrepreneurship Chap. 1
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Answers
1
Where do entrepreneurs get money for their business?
Answer 1 and 2
Themselves
Government
Family
2
Entrepreneurship
Thinks or act like an entrepreneur
A person who works in a business not owned by them
Process of being an entrepreneur
owning a business
3
Apprenticeship
college student
A technical/trade skill is taught; some college courses
Provides free guidance achieving your goals
ability that’s learned through training and practice
4
Internship
A technical or trade skill is taught
provides products or services to make a profit
on-the-job training in a business setting
a map to success
5
Green Company
An organization that provides products/ services - profit
thinking about something that affects how you feel about it
business practices that protects or improves the environment
Evaluating one’s strengths and weaknesses
6
Business
entity that offers only products
organization that provides products/ services- profits
process of being an entrepreneur
entity that offers only services
7
Entrepreneurial
Process of being an entrepreneur
One who creates and runs a business
Evaluating one’s strengths and weaknesses
Thinks or act like an entrepreneur
8
A personal characteristics of an entrepreneur is...
discipline
problem solving
doing work you enjoy
financial insecurity
9
Entrepreneur
Process of being an entrepreneur
One who creates and runs a business
Gives employees opportunities to be out new ideas
Thinks or act like an entrepreneur
10
A reward of being an entrepreneur is...
answering to the boss
decision making
being own boss
financial insecurity
11
Two of the risk taken by an Entrepreneur are...
Paying Tax/ Bills
Making too much money/Math
Failure/Hard Work
Lottery/Missing Lunch
12
Vision
something I see in my head
20/20
Picture of what you want the future to be like
Past picture of what you did
13
What percent of business owners were under 25 years old?
25
none
35
2
14
Choose the answer that is NOT a characteristic of an entrepreneur.
Impatience
Honesty
Empathy
Determination
15
A small business has fewer than ___ employees.
1,000
1
100
10
16
Skill
Natural ability for a particular type of work/activity well
A way of viewing or thinking about something
An ability that’s learned through training and practice
thinks or acts like an entrepreneur
17
Intrapreneurship
earning skills on the job
home based business with one entrepreneur
more than one entrepreneur in a business
to be creative and try out new ideas at work
18
What percent of business owners had some college?
10
a lot
50
64
19
Which answer is NOT a skill of an entrepreneur?
Communication
Math
Curiosity
Computer
20
Attitude
high mountain peak
Natural ability- do a particular type of work/activity well
thinking/viewing something & how you feel about it
Evaluating one’s strengths and weaknesses
21
Employee
owns the business
works like an entrepreneur
one who creates and runs a business
works in a business not owned by them
22
Mentor
gives free guidance, tutoring & ideas for achieving goals
your mom
pay to help one achieve goals
Follows you around and gives advice
23
Aptitude
skills
must work on ability
natural ability
yelling at your mom
24
Self-assessment
Evaluating one’s strengths and weaknesses
A person who works in a business not owned by them
An ability that’s learned through training and practice
Thinks or act like an entrepreneur
25
To think like an entrepreneur you should...
Criticize, Complain, Critique
Observe, Listen, Think
Make sure you like working alone
Live, Love, Laugh