Chapter 5 - Entrepreneurship

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Chapter 5 - Entrepreneurship

  1. 1. Characteristics of an EntrepreneurHow many can you name?<br />
  2. 2.
  3. 3. How much do you know?<br />
  4. 4. You have 3 minutes to cheat!<br />
  5. 5. You need…<br /><ul><li>Pen/Pencil
  6. 6. Paper
  7. 7. Brain</li></li></ul><li>DO…<br /><ul><li>Answer the question on your paper</li></ul>DON’T…<br /><ul><li>Shout out the answer</li></li></ul><li>DO…<br /><ul><li>Write the entire question on your paper</li></ul>DON’T…<br /><ul><li>Write just the answer</li></li></ul><li>True or False<br />Entrepreneurship is the person that recognizes a business opportunity.<br />
  8. 8. True or False<br />FALSE<br />
  9. 9. Answer<br />What percentage of US firms are small businesses?<br />
  10. 10. True or False<br />99%<br />
  11. 11. True or False<br />A small business is independently owned and usually employs fewer than 200 people.<br />
  12. 12. True or False<br />FALSE<br />
  13. 13. List<br />Name 2 rewards to being an entrepreneur.<br />
  14. 14. List<br />Being the Boss<br />Doing What You Enjoy<br />Be Creative<br />Build an Enterprise<br />
  15. 15. True or false<br />A challenge to owning your own business is being fully responsible for the business.<br />
  16. 16. True or False<br />TRUE<br />
  17. 17. True of False<br />A vision statement helps establish the scope and purpose of a business.<br />
  18. 18. True or False<br />TRUE<br />
  19. 19. Answer<br />What is an executive summary?<br />
  20. 20. Answer<br />Key points of the business plan that is no more than 1 page long and includes important information from each section of the plan.<br />
  21. 21. Answer<br />Name 5 parts of a <br />business plan.<br />
  22. 22. True or False<br />Management Team Plan<br />Company Description<br />Product/Service Plan<br />Vision and Mission Statements<br />Industry Overview<br />Market Analysis<br />Competitive Analysis<br />Marketing Plan<br />Operational Plan<br />Organizational Plan<br />Financial Plan<br />Growth Plan<br />Contingency Plan<br />Cover Letter<br />Table of Contents<br />Supporting Documents<br />

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