Entrepreneurship

Question 1

Networks define

Answer 1

The usually informal exchange of information among people of a common vocation

Question 2

Types of social entrepreneurship

Answer 2

Community, transformational and global

Question 3

Your Unique Value Proposition introduces your

Answer 3

Competitive advantage

Question 4

Independent contractors are like employees but they are still self employed cuz

Answer 4

They work irregularly on terms of a contract

Question 5

Independent contractors do/dont get the benefits of an employee

Answer 5

Dont

Question 6

What is a lean canvas

Answer 6

A document that summarizes the main ideas about a buisness

Question 7

Grants vs loans
Social vs buisness entrepreneurship
Incentive vs imitative entrepreneurship
Retail vs wholesale
Opposite of brick and mortar business

Answer 7

Grants dont have to be repaid and loans do
Social means solving a social problem and buisness is not
Inventing is to invent and imitative is the improve something
Retail is selling to consumers and wholesale is selling to retail buisnesses
E commerce

Question 8

What is an angel investor

Answer 8

An investor who invests in startups for high returns

Question 9

What is bootstrapping
Pros vs cons

Answer 9

Financing a business yourself
You dont dilute ownership but you lode your own money if it fails

Question 10

Wuz a reverse mortgage

Answer 10

Relinquishing equity for regular payments

Question 11

Whatbis a home equity loan

Answer 11

A loan win equity of your house as collateral