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Entrepreneurship 101 Trivia Flashcards | StudBud
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Entrepreneurship 101 Trivia
Entrepreneurship 101 Trivia
15 terms
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StudBud Administration
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231 plays
Teaches business terms and small business facts
Flashcards
15 cards
F
Practice quiz
P
Host live
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Questions
15
Answers
1
Entrepreneurs pay...
less taxes than employees
more taxes than employees
2
The average # of hours an entrepreneur works per week is
32
66
3
These business markets are considered BAD business investments in current and future years
wheelchair repair, organic beauty supplies, gyms
shoe, clothing, and computer stores
4
An Entrepreneur or Small Business Owner...
takes on a greater financial risk than employees
works less hours and makes more money than an employee
5
Examples of entrepreneurs in different industries are...
Real Estate Agent, MaryKay Consultant, Taco Bell Franchisee
Pro Athlete, POTUS, Recording Artist
6
The average small business owner/ entrepreneur earns how much per year
$98- $127,000
$55- $68,000
7
On average, it takes this long to make a new business PROFITABLE
3 years
18 months
8
Once you reach this # of subscribers on your YouTube channel, you can START making $ from ads
1,000
10,000
9
An example of a public company is
County Unemployment Office and Local Radio Station
Nike and Tidal (music streaming)
10
90% of ALL new businesses fail because
poor marketing strategy (failed to get the word out)
no need for the business (too many like it or not in demand)
11
A small business...
Has up to $35.5 million in sales and 1,500 employees or less
Has up to $999,000 in sales but does not exceed 1 million
12
What % of business owners have at least a bachelors degree?
95%
53%
13
Businesses that have this # of founders are more successful
2
1
14
Incorporating your business...
Helps your business sound/look professional, and make more $
Protects you from losing personal property and money
15
To make $2k per month ($12.50 per hr) from YouTube channel ads, you must have this # of views
75,000 views
1 million views
