Entrepreneurship, the concept has a huge meaning. When you hear the word, or when you think of an entrepreneur, what do you think of? 2. What do you think it takes to be a successful entrepreneur? What qualities must a person have (smart, serious, rich, etc.) to be an entrepreneur? What does it take for a person to be a successful business person?   3. If you were given one million dollars to start your own business, what are the steps you would take? What do you think you would need to start? What do you think you would need to continue to be successful? Think about how you would use one million dollars for a business idea and describe what you would do in 4-5 sentences.   4. Successful people often describe their relationships with mentors. If you could pick anyone to be your mentor in business, who would you pick and why? (It can be a celebrity, or a public figure) 5. A great business can find little success if no one knows about the company or product. What are some ways an entrepreneur can market their business? What if they don't have a budget? Can they market for free? Name a company that uses good marketing strategies...

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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1. Entrepreneurship, the concept has a huge meaning. When you hear the word, or when you think of an entrepreneur,

what do you think of?


2. What do you think it takes to be a successful entrepreneur? What qualities must a person have (smart, serious, rich, etc.) to be an entrepreneur?

What does it take for a person to be a successful business person?

 

3. If you were given one million dollars to start your own business, what are the steps you would take? What do you think you would need to start? What do you think you would

need to continue to be successful? Think about how you would use one million dollars for a business idea and

describe what you would do in 4-5 sentences.

 

4. Successful people often describe their relationships with mentors. If you could pick anyone to be your mentor in business, who would you pick and why? (It can be a celebrity, or a public figure)

5. A great business can find little success if no one knows about the company or product.

What are some ways an entrepreneur can market their business? What if they don't have a budget? Can they market for free?

Name a company that uses good marketing strategies...

 

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