Class 1 Flashcards

1
Q

The two types of opportunities:

A

Discovered opportunities; understanding customers’ needs/wants. Created opportunities; showing customers an alternative and/or better way of doing things

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2
Q

Entrepreneurs are people who find and/or create __________ and then make them ______ (you don’t have to start a business).

A

Opportunities, happen.

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3
Q

Entrepreneurship myths debunked:

A

Entrepreneurship is not reserved for startups and high tech firms, entrepreneurship is not just for extroverts or specific personality types, entrepreneurship skills can be learned, entrepreneurs are calculated risk-takers, entrepreneurs perform better through collaboration than competition, entrepreneurs take action (it’s not all planning), entrepreneurship is a life skill, Bill Gates Steve Jobs and Elon Musk are outliers so be yourself and develop your own skills.

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