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4.2 Hurdles to Entrrepreneurship

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  • What are our 4 classroom expectations?
    Be Safe, Be Responsible, Be Respectful, Follow Directions
  • The term “ethics” can refer to rules or guidelines that establish what conduct is _______________ for individuals and groups.
    easiest and most profitable
    right and wrong
  • All of the following are responsibilities of the person in charge of a business's Human Resources EXCEPT...
    Product research and development
    Payroll and benefits
    Hiring and training employees
    Health Insurance
  • What is our coping skill of the day?
    PST
  • As your business’s Chief Financial Officer, what are the two major skills you will need?
    Leadership and Negotiation
    Budgeting and Accounting
    Project Management and Organization
  • What is the top reason entrepreneurs provided when asked why their startup failed?
    burned out
    poor product
    ran out of cash/failed to raise new capital
  • What percent of new businesses are still operating after 10 years?
    50%
    41%
    34.6%
  • What are the top two reasons reported as why startups fail?
    Got outcompeted/flawed business model
    ran out of cash/no market need
  • The term “ethics” often describes the investigation and analysis of ________________ and ________.
    moral principles and dilemmas
    economics and sales
  • Which of the following best describes the role(s) an entrepreneur plays within their business?
    Focused only on Human Resources
    Focused only on sales and marketing
    Focused on multiple roles and functions of the business
  • To make sure a company lives up to its mission statement, it should establish and follow the guidelines of a…
    code of ethics
    Legal entity
    Non-profit organization
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