Week 1

Question 1

Agents of change. Doers who see
a market need and satisfy that
need by translating it into a
successful business.

Answer 1

Enterpreneur

Question 2

Not all entrepreneurs are business owners, but ________

Answer 2

all business owners are entrepreneurs

Question 3

Why It Matters!

Answer 3

The economy needs all kinds of entrepreneurs—especially the relentless, seek-and-solve breed. They are the ones forever craning their necks, addicted to looking around corners and changing the world.

Question 4

Characteristics Of An Entrepreneur

Answer 4

Entrepreneurs have certain common characteristics, personality traits or “mind-sets”. Think about people you know who own their own business.

Question 5

Successful Entrepreneurs Are …

Answer 5

goal-oriented
independent thinkers
idea generators
confident
sharing
doers
moderate risk-takers
focused on sales
hardworking, smart working
competitive

Question 6

What Is a Business Plan?

Answer 6

A written summary of:
Your business goals
The resources needed
A plan to organize resources to meet personal and business objectives

Blueprint or road map for operating your business start-up and measuring progress

Question 7

A Business Plan: Why Bother?

Answer 7

A business plan is important because it
Defines your business
Gives you a better understanding of the industry
Shows potential strengths, weaknesses and opportunities of your business
Identifies your goals and gives you focus
Allows you to measure your success
Serves as your company’s resume
Helps you obtain financing or attract investors