Entrepreneurship: 6-5 Pitfalls of Becoming an Entrepreneur

Entrepreneurship: 6-5 Pitfalls of Becoming an Entrepreneur

11th Grade

6 Qs

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Entrepreneurship: 6-5 Pitfalls of Becoming an Entrepreneur

Entrepreneurship: 6-5 Pitfalls of Becoming an Entrepreneur

Assessment

Quiz

Other

11th Grade

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Created by

Steve Wills

Used 6+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Lori Greiner mean when she says, 'Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week'?

Entrepreneurs prefer to work longer hours to avoid having a fixed schedule

Entrepreneurs are willing to work more hours to achieve greater rewards

Entrepreneurs work fewer hours to avoid burnout and stress

Entrepreneurs work longer hours to avoid hiring additional employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the challenges faced by entrepreneurs?

Lack of accountability for their actions

Limited decision-making power

Feeling overwhelmed by the responsibility

Lack of financial resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a personal toll of being an entrepreneur?

Having a stable work-life balance

Enjoying regular vacations

Experiencing emotional and physical drain

Receiving consistent paychecks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should entrepreneurs ensure that their business is a true passion?

To attract more investors

To have a stable source of income

To gain support from family and friends

To avoid financial pressures

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common financial challenge faced by entrepreneurs?

Receiving irregular paychecks

Having a steady income from the start

Avoiding the fear of losing invested money

Experiencing financial stability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a recommended way to handle the challenges of entrepreneurship?

Avoid networking and human connections

Work independently without any partners

Join an online entrepreneurial community

Ignore the personal and professional rewards