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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
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)
2
On average, it takes this long to make a new business PROFITABLE
18 months
3 years
3
Once you reach this # of subscribers on your YouTube channel, you can START making $ from ads
1,000
10,000
4
These business markets are considered BAD business investments in current and future years
shoe, clothing, and computer stores
wheelchair repair, organic beauty supplies, gyms
5
Businesses that have this # of founders are more successful
2
1
6
Entrepreneurs pay...
more taxes than employees
less taxes than employees
7
An example of a public company is
Nike and Tidal (music streaming)
County Unemployment Office and Local Radio Station
8
An Entrepreneur or Small Business Owner...
works less hours and makes more money than an employee
takes on a greater financial risk than employees
9
The average small business owner/ entrepreneur earns how much per year
$55- $68,000
$98- $127,000
10
A small business...
Has up to $999,000 in sales but does not exceed 1 million
Has up to $35.5 million in sales and 1,500 employees or less
11
To make $2k per month ($12.50 per hr) from YouTube channel ads, you must have this # of views
1 million views
75,000 views
12
Incorporating your business...
Protects you from losing personal property and money
Helps your business sound/look professional, and make more $
13
The average # of hours an entrepreneur works per week is
32
66
14
Examples of entrepreneurs in different industries are...
Pro Athlete, POTUS, Recording Artist
Real Estate Agent, MaryKay Consultant, Taco Bell Franchisee
15
What % of business owners have at least a bachelors degree?
53%
95%
