Entrepreneurs

An entrepreneur is someone 

• Someone who works for a new business
• Someone who starts a new business
• Someone who takes over an existing business
• Someone who does not want to work

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

An entrepreneur must know...

• Only the parts of the business they like
• No parts of the business management
• all parts of business:  finance, marketing, etc.

Name one of the reasons people become entrepreneurs.

• Feeling insecure
• They like to be the ONLY one doing everything
• They are doing what they enjoy

An entrepreneur must be...

• disorganized
• organized
• lazy

An entrepreneur can own an online business...

• False - entrepreneurs can only create business in person
• True - there are companies online as well as in person

Why do business exist?

• To satisfy the needs of customers
• To help owners make a living
• To help the government collect tax
• To provide jobs
• To realise opportunities within the market

What is enterprise?

• The creation of a business
• The management of the economy
• The skill of being able to sport an opportunity
• The skills that an entrepreneur has
• Government funded businesses

Which of following are the characteristics of an entrepreneur (as stated by the exam board)

• Determination, Academic, Literate, Management
• Hard working, Adaptable, Resilient, Creativity
• Accounting, Management, Sales technique, Determination
• Self belief, Motivation, Confidence, Leadershio
• Creativity, Risk taking, Determination, Confidence

True or false: A good entrepreneur will take calculated risks

• True
• False

Which of the following is NOT a potential reward for taking calculated risks?

• Independence - be your own boss
• Pay less tax
• Financial gain
• Self-satisfaction
• Changing customers habits