ENT 4 - Traits, Skills, and Roles of an Entrepreneur

What is the concept of bootstrapping?

• Starting a business with a loan
• Starting a business with outside investors
• Starting a business with personal funds
• Starting a business with no money

What is the concept of bootstrapping in entrepreneurship?

• Using limited resources to creatively fund a business
• Seeking investors to fund a business
• Starting a business in a garage
• Hiring a large team to manage resources

What is the definition of confidence?

• A feeling of fear
• A feeling of sadness
• A feeling of doubt
• A feeling of determination

What is the first common trait of successful entrepreneurs mentioned in the reading?

• Passion
• Innovation
• Confidence
• Vision

What is the relationship between risk and entrepreneurship?

• Entrepreneurs avoid risk at all costs
• Risk is not a factor in entrepreneurship
• Entrepreneurs embrace risk as part of the process
• Risk is only a concern for investors

Which of the following is NOT a characteristic of successful entrepreneurs?

• Self-awareness
• Multi-tasking
• Risk-aversion
• Life-long learning

What is the role of persistence in entrepreneurship?

• To create roadblocks
• To avoid roadblocks
• To give up easily
• To keep pushing through roadblocks

What is the importance of innovation in entrepreneurship?

• To avoid taking risks
• To focus on unimportant tasks
• To constantly learn and gather information
• To stick to a predetermined plan

What is the role of confidence in entrepreneurship?

• To create problems
• To avoid problems
• To discourage others
• To believe in the vision

What is the analogy used to describe starting and building a company?

• Running a marathon
• Swimming against the current
• Climbing a mountain
• Pushing a rock up a hill