EntrepMinds

Question 1

a way of thinking that enables you to overcome challenges, be
decisive, and accept responsibility for your outcomes.

Answer 1

Entrepreneurial mindset

Question 2

a mode of thinking that equips you with the ability to overcome
obstacles, make quick decisions, and take ownership of your
results.

Answer 2

Entrepreneurial mindset

Question 3

entrepreneurs must be willing to
take risks in order to succeed.

Answer 3

Take calculated risks:

Question 4

Entrepreneurs must be creative
and think outside the box in order to come up with innovative solutions to problems.

Answer 4

Think outside the box

Question 5

set realistic goals and strive to achieve them. Set attainable objectives and work toward achieving them

Answer 5

Set goals

Question 6

essential for entrepreneurs and
industry professional

Answer 6

Network

Question 7

biggest killer of the entrepreneurial mindset is not what
you would expect.

Answer 7

failure, doubts

Question 8

biggest killer of entrepreneurial
mindset.

Answer 8

Fear of Failure

Question 9

can lead to procrastination, lack of
confidence in one’s own abilities. It can also lead to a lack
of creativity and risk-taking, which are essential for
successful entrepreneurship

Answer 9

Fear of Failure

Question 10

the act of delaying or postponing something
usually a task or chore, that needs to be done.

Answer 10

Procrastination

Question 11

Is generally defined as an individual who
organizes or operates a business or businesses.

Answer 11

Entrepeneur

Question 12

individual who sets up business,
identifies and solve problems, creative, innovative,
opportunists, risk-taker, self-starter, and open-minded with
the hope of making a profit from the enterprise.

Answer 12

Entrepeneur

Question 13

the process of discovering new
ways of combining resources to create value and generate
wealth.

Answer 13

Entrepreneurship

Question 14

Is an individual who creates and runs a new business,
usually with considerable initiative and risk. They are
responsible for the success or failure of their business
venture.

Answer 14

Entrepeneur

Question 15

Microsoft

Answer 15

Bill Gates

Question 16

Mark Zuckerberg

Answer 16

Facebook

Question 17

Elon Musk

Answer 17

Space X

Question 18

Michael Bloomberg

Answer 18

Bloomberg

Question 19

Bear any risk in starting up and sustaining his/her business(es).

Assumes every responsibility that
might come up in the course of his business which might be
caused by either change in time or quality.

Answer 19

Risk Taker

Question 20

An Entrepreneur must be a good salesman.

Responsible for marketing and advertising his products or services.

Answer 20

Sales Person

Question 21

Entrepreneurs do not only set goals but also thrive so much to achieve their goals.

Answer 21

Goal Setter

Question 22

• One challenge of being an entrepreneur is that you have to be in charge.
• You must be at the forefront of your business at least during startup.
• You should note that one cannot
  make it alone as an entrepreneur.

Answer 22

A leader

Question 23

Entrepreneurs determine the objectives of their business, and they should know what is suitable per time.

maintains the potential investors or financiers of the enterprise and also manages the funds available.

make sure that his business venture is in good relationship with public authorities and society.

Answer 23

Decision Maker

Question 24

quick to identify any problem facing
his/her business and immediately seeks a solution.

Answer 24

Identifies and Solve the problem

Question 25

defined as the combination of entrepreneurial concepts and principles, entrepreneurial character traits and entrepreneurial skills that provide and become the ultimate source of competitive advantage of the entrepreneur.

Answer 25

Entrepreneurial Core Competency

Question 26

refer to the unique skills, knowledge, and abilities that an entrepreneur has that give them a competitive advantage in the marketplace.

Answer 26

Entrepreneurial Core Competency

Question 27

refers to the strategic position and condition of the entrepreneurial venture

Answer 27

Competitive Advantage

Question 28

refer to the unique skills, knowledge, and abilities that an entrepreneur has that give them a competitive advantage in the marketplace.

Answer 28

Competitive Advantage

Question 29

are characteristics that describe how a person typically thinks, feels, and behaves.

Answer 29

Personality Traits

Question 30

To succeed as an entrepreneur, you must gain the ability to look at a problem or situation

Answer 30

Decisiveness

Question 31

It is essential that you get used to the uncomfortable feeling of knowing that you don’t know what you’re doing.

Answer 31

Confidence

Question 32

comes from taking responsibility for your actions and outcomes.

Answer 32

Accountability

Question 33

you will need to learn to deal with making mistakes and failing. They are inevitable and a part of your growth.

Answer 33

Resilience

Question 34

freedom from pride or arrogance, and it ties all of the characteristics of entrepreneurship.

Answer 34

Humility