Exam (elaborations)
ESB Certification Questions and Answers 100% Correct | Updated 2024
- Course
- Institution
ESB Certification Questions and Answers 100% Correct | Updated 2024
[Show more]
Seller
Follow
StudySet
Reviews received
Content preview
ESB Certification Questions and Answers100% Correct | Updated 2024
Entrepreneur - ANSWER An individual with an idea to offer an innovative
product or service about which they are passionate.
Entrepreneurship: - ANSWER Setting up a business with the aim to make a
profit.
Franchise - ANSWER A business where the owner licenses their operations,
products or services, branding, and knowledge for a royalty fee.
Small Business: - ANSWER Owned and managed by one individual or
sometimes a small group of people with a focus on generating profits.
In order to be considered a small business a company needs fewer than 1,500
employees & $35.5 million in revenue.
What are the three ways to open a business? - ANSWER 1. Buy an existing
business
2. Buy a Franchise
3. Start a new business
What is the difference between small businesses and entrepreneurs? -
ANSWER Small business owners are not always interested in taking on new
business opportunities.
, Advantages of being an Entrepreneur - ANSWER 1. Setting one's own hours
2. Getting to work with like-minded people
3. Develop your own rules
4. Flexible schedule. Entrepreneurs can set their own hours.
5. Work-life autonomy
Disadvantages of being an entrepreneur - ANSWER Financial instability,
bankruptcy, may need to gain expertise quickly, time consuming, healthcare is not
included in your job
Characteristics of a successful entrepreneur mindset - ANSWER Action-
oriented, collaboration, confident, creative, innovative, critical thinker, problem-
solver, focused, passionate, adaptable, tenacious, resilient, socially responsible, &
optimistic
Stages of Design Thinking - ANSWER empathize, define, ideate, prototype, test
Empathize - ANSWER Stage #1 of the design thinking process. Involves
researching your user's needs.
Define the Problem - ANSWER Stage #2 of the design thinking process. State
your users' needs & problems.
Ideate - ANSWER Stage #3 of the design thinking process. In this stage
assumptions are challenged and ideas are created.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudySet. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now