1. Coming To Terms Myths T or F? Possibilities & Challenges 10pt 10 pt
Famous
Entrepreneurs
Possibilities
&
Challenges
Planning
10pt
10 pt
10 pt
10pt
10 pt
20 pt
20 pt
20pt
20pt
20 pt
30 pt
30 pt
30 pt
30 pt
30 pt
40 pt
40 pt
40pt
40 pt
40pt
50pt
50 pt
50 pt
50 pt
50 pt

2. Pursuit of lucrative opportunities By enterprising individuals

3. What is entrepreneurship?

4. It has less than 100 employees

5. What is a small business?

6. An insider entrepreneur

7. What is an intrapreneur?

8. A protected environment where
new ideas can hatch

9. What is a business incubator?

10. IPO

11. What is Initial Public Offering?

12. Anyone can start a business

13. (lots of prep, talent, planning required)
What is FALSE?
(lots of prep, talent, planning required)

14. Entrepreneurs avoid risk

15. (they manage risk and avoid it as
What is TRUE?
(they manage risk and avoid it as
much as they can)

16. Entrepreneurs are motivated by
realization of their vision more than money

17. (money is not the driver, but it’s their
What is TRUE?
(money is not the driver, but it’s their
feeling of achievement and thrill of
Succeeding)

18. Any entrepreneur with a good idea can raise venture capital

19. (less than 3 out of 100 are funded)
What is FALSE?
(less than 3 out of 100 are funded)

20. Statistically, you don’t need high SAT scores to
become an entrepreneur

21. (besides IQ, you need creativity, motivation, integrity, leadership,
What is TRUE?
(besides IQ, you need creativity,
motivation, integrity, leadership,
and other traits.

22. Bill Gates

23. What is Microsoft?

24. Steve Jobs

25. What is Apple Computer?

26. Fred Smith

27. What is Federal Express?

28. Phil Knight

29. What is Nike?

30. Masaru Ibuka

31. What is SONY?

32. Advertising support model,
Transaction fee model,
Advertising support model,
Intermediary model,
Affiliate model,
Subscription model

33. money from the Internet?
What are 5 ways to make
money from the Internet?

34. Technological discoveries, Demographic changes,
Lifestyle and taste changes,
Economic dislocations,
Calamities,
Government initiatives and rule changes

35. What are categories of opportunity
for new innovation?

36. Common management challenges
of innovation (name 3)

37. Growth creates new challenges,
What are:
You might not enjoy it,
Survival is difficult,
Growth creates new challenges,
Hard to delegate,
Misuse of funds,
Poor controls,
and Mortality??

38. A project team designated to build
a new, innovative product, originating
at Lockheed.

39. What is skunkworks?

40. Informal projects that are not officially sanctioned being worked on
by employees

41. What is bootlegging?

42. Formal planning step that focuses on the entire
venture and describes all
the elements involved in starting it

43. What is a business plan?

44. It describes the good or service, assesses demand, assesses the
entrepreneur, and specifies
activities and resources

45. What is an opportunity analysis?

46. When people judge whether the company is acceptable,
A company is considered _________
When people judge whether the
company is acceptable,
appropriate, desirable, and
consistent with societal values

47. What is legitimate?

48. Massachusetts, Washington, Maryland, New Jersey, and Connecticut

49. hospitable states for starting a new and innovative business?
What are the most
hospitable states for starting
a new and innovative business?

50. A competitive advantage in the form of relationships
with other people and the
image other people have of you

51. What is social capital?