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