chapter 5 - entrepreneurship

Characteristics of an

EntrepreneurHow many can you name?

How much do you know?

You have 3 minutes to

cheat!

You need…• Pen/Pencil• Paper• Brain

DO…• Answer the question on

your paper

• Shout out the answerDON’T…

DO…• Write the entire

question on your paper

• Write just the answerDON’T…

True or FalseEntrepreneurship is the person that recognizes a

business opportunity.

True or False

FALSE

AnswerWhat percentage of US

firms are small businesses?

True or False

99%

True or FalseA small business is

independently owned and usually employs fewer than

200 people.

True or False

FALSE

ListName 2 rewards to being an

entrepreneur.

List1. Being the Boss2. Doing What You Enjoy3. Be Creative4. Build an Enterprise

True or falseA challenge to owning your own business is being fully

responsible for the business.

True or False

TRUE

True of FalseA vision statement helps establish the scope and purpose of a business.

True or False

TRUE

AnswerWhat is an executive

summary?

AnswerKey points of the business plan that is no more than 1 page long and includes important information from each section of the plan.

AnswerName 5 parts of a

business plan.

True or False1. Management Team Plan2. Company Description3. Product/Service Plan4. Vision and Mission

Statements5. Industry Overview6. Market Analysis7. Competitive Analysis8. Marketing Plan9. Operational Plan

10. Organizational Plan11. Financial Plan12. Growth Plan13. Contingency Plan14. Cover Letter15. Table of Contents16. Supporting Documents