BTEC Enterprise C1A Quiz

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Questions and Answers

Wanting to be your own boss is a common reason for starting a business.

True (A)

Knowledge of Industry/Sector e.g. understand your market, is vital for an entrepreneur.

True (A)

Which of these is NOT a common skill that entrepreneurs develop?

  • Focus e.g. not getting distracted by other things
  • Interpersonal Skills e.g. building relationships
  • Communication & Presentation e.g. inspiring others
  • Being tough and uncompromising at the expense of kindness (correct)

Motivation & Dedication means...

<p>not giving up (B)</p> Signup and view all the answers

Making a business out of a hobby means you can start a business that you're passionate about.

<p>True (A)</p> Signup and view all the answers

If you don't have the Technical Skills to do everything in your business, then you will fail.

<p>False (B)</p> Signup and view all the answers

Versatility means....

<p>being able to adapt to changing situations and make the best of them (C)</p> Signup and view all the answers

Planning & Research means...

<p>looking at sales data and market research and making a plan (A)</p> Signup and view all the answers

Every entrepreneur has difficult times, doubts, and regrets. It's just a normal part of the process.

<p>True (A)</p> Signup and view all the answers

Successful entrepreneurs learn from their mistakes and improve.

<p>True (A)</p> Signup and view all the answers

Flashcards

Starting a business for independence

A common motivation for launching a business is the desire to be one's own boss.

Industry Knowledge

Understanding the market and sector is important for business success.

Entrepreneur skills - not being tough

Entrepreneurs need kindness and adaptability, not just toughness.

Motivation and Dedication

Continuing despite challenges and setbacks.

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Business from a Hobby

Turning a passion into a business.

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Technical Skills and Business Failure

Lack of technical skills doesn't guarantee business failure.

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Adaptability in Business

Being flexible and adjusting to changing circumstances.

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Planning and Research

Using data and market analysis to create a plan.

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Challenges in Entrepreneurship

Difficulties, doubts, and regrets are normal.

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Learning from Mistakes

Successful entrepreneurs use mistakes as learning opportunities.

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