4.2 Hurdles to Entrrepreneurship | Baamboozle - Baamboozle

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What percent of new businesses are still operating after 10 years?

34.6%

41%

50%

What is the top reason entrepreneurs provided when asked why their startup failed?

ran out of cash/failed to raise new capital

burned out

poor product

The term “ethics” often describes the investigation and analysis of ________________ and ________.

moral principles and dilemmas

economics and sales

The term “ethics” can refer to rules or guidelines that establish what conduct is _______________ for individuals and groups.

right and wrong

easiest and most profitable

Which of the following best describes the role(s) an entrepreneur plays within their business?

Focused on multiple roles and functions of the business

Focused only on Human Resources

Focused only on sales and marketing

What are the top two reasons reported as why startups fail?

ran out of cash/no market need

Got outcompeted/flawed business model

To make sure a company lives up to its mission statement, it should establish and follow the guidelines of a…

code of ethics

Non-profit organization

Legal entity

What is our coping skill of the day?

PST

What are our 4 classroom expectations?

Be Safe, Be Responsible, Be Respectful, Follow Directions

As your business’s Chief Financial Officer, what are the two major skills you will need?

Budgeting and Accounting

Leadership and Negotiation

Project Management and Organization

All of the following are responsibilities of the person in charge of a business's Human Resources EXCEPT...

Product research and development

Hiring and training employees

Payroll and benefits

Health Insurance

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