Successful entrepreneurs - Study guides, Class notes & Summaries

Defining Entrepreneurship correct answers -One who undertakes to organize, manage, and assume the risks of a business -The process of creating value by bringing together a unique package of resources to exploit an opportunity -Pursuit of opportunity w/o regard to resources currently controlled Is ent. teachable? correct answers -In the past, the answer was no -Entrepreneurship holds to a common process -That process is teachable, and there are common skills underlying it Is ent. th...

ESB EXAM Study Guide Complete Questions (answered spring 2023) A beekeeper is analyzing the cash flow for his business for the prior year. What was the ending inventory value? A beekeeper wants to start a seasonal business renting hives to farmers to pollinate their orchards and crops. The beekeeper believes the business will cover its own costs after three months, and that start-up expenses for hives, trucking, and other costs through that same time will be $18,000. What is Total Financi...

Well-structured ETP3701 Assignment 4 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). CASE STUDY Agripreneur: Ngwamba turns agricultural trash into burning treasure With a passion for sustainability and innovation, Given Ngwamba transformed adversity into opportunity, creating Nzilo Charcoal and paving the way for eco-friendly grilling solutions. Years ago, Given Ngwamba’s garage in Ka-maqhekeza, Mpumalanga was transformed into an impromptu in...

Entrepreneurship occurs when an enterprising individual pursues a lucrative opportunity Creating value is a central objective of entrepreneurship, small business is often defined as having fewer than 100 employees, being independently owned and operated, not dominant in its field, and not characterized by many innovative practices Myths about Entrepreneurs Entrepreneurs are born, not made. Anyone can start a business. Entrepreneurs are gamblers. Entrepreneurs wa...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

entrepreneurship (4) - 1. process of *initiating* a business venture 2. organizing the necessary *resources* 3. assuming the associated *risks* 4. enjoying the *rewards* how many employees do most small businesses have? - none 5 types of small business owners - 1. idealists 2. optimizers 3. hard workers 4. jugglers 5. sustainers idealists - rewarded by chance to work on something new and creative optimizers - get personal satisfaction from being business owners hard workers...

Flexibility - Answer - Ability to adapt, willingness to change Courage - Answer - Takes risks in spite of possible losses Empathy - Answer - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Answer - Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own b...

Discuss how Netflix has disrupted the TV industry correct answers Netflix disrupted the TV industry by changing the delivery of content to online streaming, allowing on-demand access, and developing programming based on algorithms invention correct answers The transformation of an idea into a product or process innovation correct answers Commercialization of an invention by entrepreneurs Provide two different reasons for why innovation diffuses correct answers Innovation diffuses throug...

What are three characteristics of entrepreneurs? - Answer-Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own business? - Answer-Buy an existing business that is already successful. An entrepreneur moves into a small town and notices several stores selling guns and ammunition. The entrepreneur loves to c...

ESB EXAM Study Guide Latest 2023 Already Passed Flexibility Ability to adapt, willingness to change Courage Takes risks in spite of possible losses Empathy Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own b...