REVIEW TEST 1.docx - BUS 3585 ENTREPRENEURSHIP REVIEW...

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BUS 3585 – ENTREPRENEURSHIP REVIEW TOPICS – TEST 1 WINTER 2018– BUAD Approximately 2/3 of the grade will consist of definitions and short answer questions. The format for Test 1 is the following: Approximately 1/3 of the grade will be based on an analysis of a mini-case based on the application of the Business Plan format. REVIEW TOPICS: 1.What is Entrepreneurship? 2.Explain the difference between an idea and an opportunity. 3.Describe the major attributes necessary to be a successful entrepreneur 4.Be fully aware of the FOUR major component parts necessary for an excellent Business Plan.
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5.Understand the 3 “groups” that categorize entrepreneurs. (Craftspeople, lifestyle business, empire builders) 6.Understand the “Myths and Realities” of Entrepreneurship. (8) 7.Be aware of the characteristics of the “Non- entrepreneurial mind”. 8.Understand the advantages and disadvantages of
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