Entrepreneurship

Question 1

Entrepreneurs are vital for economic _____.

Answer 1

Growth

Question 2

What do entrepreneurs make money out of?

Answer 2

Their ideas.

Question 3

Entrepreneurs also need ____ to make money.

Answer 3

Money

Question 4

In South Africa small businesses make up about ____ of businesses in the country.

Answer 4

98%

Question 5

Small businesses employ more than _____ the country’s workers.

Answer 5

Half

Question 6

Do all people with small money have lots of money?

Answer 6

No most of them only make enough money for them to survive .

Question 7

In a country that has many ____ people, it is a good idea to help people start their own businesses.

Answer 7

Jobless

Question 8

If businesses grow they will ___ more people.

Answer 8

Employ

Question 9

What is an entrepreneur?

Answer 9

A person with a business idea, who the. invests in, organizes and runs a business to sell that idea.

Question 10

What type of businesses do entrepreneurs mostly Run?

Answer 10

SMMEs

Question 11

What are SMME businesses?

Answer 11

Small,medium or micro enterprises;in other words, a small business usually owner-run.

Question 12

Do entrepreneurs generally supply capital for their businesses if so is this a risk?

Answer 12

Yes they do, and yes it is.

Question 13

Entrepreneurs control all ___ of a business. Especially in the beginning.

Answer 13

Aspects

Question 14

What type of mindset do entrepreneurs have?

Answer 14

A positive mindset because they believe that their risk will turn into success.

Question 15

Entrepreneurs are _____ and change the way things are to make way for new ways of doing things.

Answer 15

Innovators

Question 16

Do people decide to start their businesses for the same reason?

Answer 16

No

Question 17

What do the high levels of unemployment mean for South Africa?

Answer 17

Means many people are unable to find work.

Question 18

What do people always think of their jobs?

Answer 18

They are paid too little and all the money they make goes to the business. They may feel their businesses are boring or conditions bad. And some don’t like working for a boss.

Question 19

Starting a business is very ______.

Answer 19

Challenging

Question 20

Entrepreneurs may find it difficult to get enough ____ to start their own business. They may need to spend a lot of time advertisers or getting communities _____ in the services they provide.

Answer 20

Capital

Interested

Question 21

Entrepreneurs may also be bust with the ____ business. Like finance, administration and marketing.

Answer 21

Core

Question 22

What is innovation?

Answer 22

A new way of doing something.

Question 23

How does entrepreneurship involve innovation?

Answer 23

Need to find something new and useful to provide or sell.

Need to do things differently, which means making, promoting and managing the business in your own unique way.

Question 24

What must you do to make money as an entrepreneur?(4)

Answer 24

Buy goods or raw materials
Produce goods
Sell your goods and services
Make a profit.