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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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52 plays
Teaches business terms and small business facts
Flashcards
15 cards
F
Practice quiz
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Host live
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Questions
15
Answers
1
These business markets are considered BAD business investments in current and future years
shoe, clothing, and computer stores
wheelchair repair, organic beauty supplies, gyms
2
The average # of hours an entrepreneur works per week is
66
32
3
Once you reach this # of subscribers on your YouTube channel, you can START making $ from ads
1,000
10,000
4
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
5
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)
6
What % of business owners have at least a bachelors degree?
95%
53%
7
Examples of entrepreneurs in different industries are...
Real Estate Agent, MaryKay Consultant, Taco Bell Franchisee
Pro Athlete, Teacher, Recording Artist
8
The average small business owner/ entrepreneur earns how much per year
$55- $68,000
$98- $127,000
9
Businesses that have this # of founders are more successful
1
2
10
Incorporating your business...
Helps your business sound/look professional, and make more $
Protects you from losing personal property and money
11
Entrepreneurs pay...
less taxes than employees
more taxes than employees
12
An Entrepreneur or Small Business Owner...
works less hours and makes more money than an employee
takes on a greater financial risk than employees
13
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
14
On average, it takes this long to make a new business PROFITABLE
3 years
18 months
15
An example of a public company is
County Unemployment Office and Local Radio Station
Nike and Tidal (music streaming)
