Entrepreneurship Challenge

Question 1

What percent of entrepreneurs come from rich families?

Accepted Answer

Less than one

Question 2

How many $100 million dollar companies has the US produced in the last 20 years?

Accepted Answer

125-250

Question 3

Why do you need a business plan?

Accepted Answer

Allows you to plan out various aspects of your business

Question 4

What is a business plan?

Accepted Answer

A written document that describes an idea for a business

Question 5

What is the average salary of an entrepreneur?

Accepted Answer

$178,400 per year

Question 6

What percent of entrepreneurs have a bachelors degree or higher?

Accepted Answer

About 95%

Question 7

Every business has competition

Accepted Answer

True

Question 8

About what percent of people are entrepreneurs?

Accepted Answer

About 43%

Question 9

Which town has the highest entrepreneurship activity?

Accepted Answer

Atlanta

Question 10

Which is the most important part of setting up a business?

Accepted Answer

Having A Business Plan

Question 11

What is the average cost for a starting business?

Accepted Answer

$30,000

Question 12

What percent of entrepreneurs worked for other companies before starting their own?

Accepted Answer

75%

Question 13

Which industry has the highest success rate?

Accepted Answer

Insurance

Question 14

Which region has the largest entrepreneurship activity?

Accepted Answer

Southeast

Question 15

What is the average age of company founders when they started their business?

Accepted Answer

40

Questions 15