Podcast
Questions and Answers
An entrepreneur is BEST described as someone who:
An entrepreneur is BEST described as someone who:
- avoids risk and prefers the stability of traditional employment.
- identifies a need or opportunity and starts a business to bring their idea to fruition. (correct)
- primarily focuses on maintaining the status quo within existing business structures.
- relies solely on established market research rather than personal creativity.
Which characteristic is LEAST likely to be found in a successful entrepreneur?
Which characteristic is LEAST likely to be found in a successful entrepreneur?
- a high degree of comfort with routine and predictability. (correct)
- a willingness to embrace failure as a learning opportunity.
- a natural aptitude for networking and building relationships.
- a strong sense of self-belief.
An entrepreneur who is passionate is MOST likely to:
An entrepreneur who is passionate is MOST likely to:
- focus primarily on short-term financial gains.
- demonstrate resilience and dedication to their project. (correct)
- view challenges as insurmountable obstacles.
- delegate most of the initial work to others.
Why is thinking 'outside the box' particularly important for entrepreneurs?
Why is thinking 'outside the box' particularly important for entrepreneurs?
An entrepreneur decides to start a local bakery that specializes in gluten-free products because they noticed a lack of such options in their community. This is a type of:
An entrepreneur decides to start a local bakery that specializes in gluten-free products because they noticed a lack of such options in their community. This is a type of:
Flashcards
What is an entrepreneur?
What is an entrepreneur?
A person with an idea who starts a business to bring that idea to life.
Examples of entrepreneurial ventures
Examples of entrepreneurial ventures
Opening a boutique or creating an app used by millions.
Key traits of entrepreneurs
Key traits of entrepreneurs
Passionate, motivated, independent, and creative.
How entrepreneurs think
How entrepreneurs think
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A core entrepreneurial belief
A core entrepreneurial belief
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Study Notes
- An entrepreneur has an idea for a product or service.
- The entrepreneur decides to start a business to bring the idea to life.
- An entrepreneur might dream of opening a boutique or creating an app for millions.
- An entrepreneur's dream can be big or small.
- Successful entrepreneurs share characteristics such as passion, motivation, independence, and creativity.
- Entrepreneurs love thinking outside the box.
- Entrepreneurs always look to expand knowledge and find new opportunities.
- Entrepreneurs don't accept things as they are.
- Entrepreneurs believe their ideas have value and offer something special.
- Entrepreneurs break out of their comfort zone.
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Description
Entrepreneurs are individuals who develop a product or service and launch a business to realize their vision. They possess qualities like passion, motivation, and creativity. Entrepreneurs seek knowledge, explore new opportunities, and believe their ideas offer unique value.
