AR HBFL Certification Course #12
What is an entrepreneur?
Someone who carries a briefcase with them everywhere
A person who organizes and operates a business or businesses, sometimes taking on financial risks
A person who has millions of dollars and owns at least two homes
All of the above
What is the difference between a product and a service?
A product is a tangible item a customer can hold and touch and a service is an intangible product that cannot
A product makes money and a service does not
You must pay taxes on a product and not on a service
Products make a lot more money than services
Which of these people is an entrepreneur?
All of the above
What does market size mean?
The size of a Walmart
Number of people that believe in freedom
Number of people that can buy or use your product/service
The largest amount of people waiting for a new Xbox
Which of these are key traits of entrepreneurs?
How much time is the average "elevator pitch"?
In business, what is a unicorn?
A start up company valued at $1 billion or more
A new company that is innovative
An idea that no one has come up with
None of the above
What is an entrepreneurial mindset?
Thinking about money all day
Getting to the grind
When you are always trying to solve a problem
Thinking about what your going to do later in the day
What is an elevator pitch?
Throwing a ball at an elevator
A quick pitch about yourself or organization
Singing in an elevator
Selling stocks in an elevator
What is a blue ocean idea?
An idea that no other company/organization does, it creates its own market
A good place to swim when it is warm outside
An idea that tries to take over a market
A idea that tries to compete with the top company in their market
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