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Understanding Entrepreneurship
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Understanding Entrepreneurship

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Questions and Answers

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

  • They lack focus (correct)
  • They start with a plan
  • They persevere
  • They have a clear vision

    • What is the first step in becoming an entrepreneur?

  • Identify a problem (correct)
  • Raise money
  • Expand your formal and informal education
  • Reach financial stability

    • Which of the following is NOT listed as a skill every entrepreneur should have?

  • Financial management skills
  • Marketing skills (correct)
  • Communication and listening skills
  • Critical thinking skills

    • What type of entrepreneurship involves starting a small business?

    <p>Small Business Entrepreneurship</p> Signup and view all the answers

    Which of the following is NOT listed as a step in becoming an entrepreneur?

    <p>Hire employees</p> Signup and view all the answers

    What does the term 'hustler entrepreneurship' refer to?

    <p>Starting a business with limited resources</p> Signup and view all the answers

    What should entrepreneurs do before expanding their business?

    <p>Reach financial stability</p> Signup and view all the answers

    Entrepreneurship involves working for someone else in a corporate job.

    <p>False</p> Signup and view all the answers

    Entrepreneurs must start with a grandiose plan to succeed.

    <p>False</p> Signup and view all the answers

    To become an entrepreneur, you don't need to identify and solve a problem.

    <p>False</p> Signup and view all the answers

    Financial stability is not important for entrepreneurs.

    <p>False</p> Signup and view all the answers

    Critical thinking skills are not necessary for entrepreneurs.

    <p>False</p> Signup and view all the answers

    Innovative Entrepreneurship is one of the 7 types of entrepreneurship mentioned.

    <p>True</p> Signup and view all the answers

    Hustler Entrepreneurship refers to entrepreneurs who avoid hard work and shortcuts.

    <p>False</p> Signup and view all the answers

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