30 Questions
What is the root meaning of the term 'Entrepreneur'?
To undertake
What does the term 'Antha Prerna' mean?
Self-motivated
What is another term used to address a business in the text?
Enterprise
Who differentiated entrepreneurs from ordinary businessmen by ascribing more lofty ideals to them?
Joseph Schumpter
What does 'Gut game' refer to in entrepreneurship?
Refers to the entrepreneur's ability to sense without using the five senses
What is a Business Tagline according to the text?
A brief phrase conveying a brand's value
What is a key factor causing business failure?
Not knowing enough about the market
What is the length of a typical business plan narrative?
25-35 pages
What makes a good business name based on the text?
Representative of your brand
How can one become a good entrepreneur according to the text?
Take entrepreneurship courses
What kind of document is a business plan according to the text?
Dual-purpose, used inside and outside the firm
What is entrepreneurship primarily about, according to the text?
Pursuing opportunities despite risks
What is the purpose of a business logo?
To identify a company and its products/services
Which term refers to an entrepreneur's ability to give direct instructions?
Leadership
Who was known as the 'Father of Economics'?
Richard Cantillon
What does creative destruction involve?
Getting rid of an old obsolete way to introduce a new way of doing business
What does Economic Activity mean for a business?
Providing job opportunities to other people
What is the purpose of an entrepreneur's Mind Frame?
Allows the entrepreneur to see things in a positive light during difficult situations
What is the purpose of the mission of an enterprise?
To describe the product/services of the enterprise
Which aspect of the Business Offering provides the numerical or quantitative measure for each Key Result Area?
Performance Indicators
What is the main function of the Executive Summary in a business plan?
To provide arguments on why the business will succeed
What are Key Result Areas in the Business Offering?
Qualitative manifestations that objectives are being realized
What defines a Target Market in a business context?
A group of people identified as potential customers for a product
What should Value Proposition focus on according to the text?
Delivering benefits to customers who buy products/services
What does the business plan need to prove about the products/services?
That they would be accepted and carried by the distribution channels
Who would want to know if there would be sufficient technology providers and applications?
Resource Mobilizers and financial backers
Which aspect do macro-environmental forces affect?
How business should be conducted
What information does The Business Proponents section contain?
Information about the business proponents or stakeholders
What must be highlighted when describing the product/service offerings in the business plan?
Features and attributes appealing to target customers
Who is concerned with sharing the burden of raising money to see the project through?
Resource Mobilizers and financial backers
Explore the factors that can lead to business failure in entrepreneurship, such as lack of market knowledge, skills, finances, and passion. Learn about ways to become a successful entrepreneur by overcoming challenges and acquiring essential skills.
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