Startup workshop
Unlock Your Entrepreneurial Potential
Are you ready to dive into the world of entrepreneurship? Take our quiz to discover your strengths, identify your motivations, and learn key characteristics of successful entrepreneurs.
Challenge yourself with questions about business ideas, target markets, and financing methods. By the end, you'll gain insights that can help you on your entrepreneurial journey!
Why would you want to become an entrepreneur?
To build my own business, be successful and make as much money as I can
To be my own boss, and work around my family commitments
To be flexible with working hours
To make an impact to the world
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
How do you come up with a good business idea?
Do exactly what your competitors are doing
Aim to meet a need or needs that aren't being met in the current market
Always purchase goods at a low cost and sell them for significantly higher
Keep changing your idea every 6 months
How good would you make your product or service?
I'd buy in low quality items and try to sell them at a profit
As good as the competition
It has to be better than the competition and have a big profit margin
It has to be the best possible, and I would spare no expense
A target market is
A group of investors willing to put capital into a business
A generational group of individuals
A group of consumers at which a product/service is aimed
An industry willing to sell and market your product
What is the purpose of a business plan?
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
Why do you need a business plan?
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
What is the difference between a startup and a small business?
Startups intend to grow larger compared to a small business
Startups have been in business longer
Small businesses have multiple locations, startups do not
A small business has more employees than a startup
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