True or false: An entrepreneur is the same as an employee

True

False

True or false: The entrepreneur gets paid before the employees

True

False

Entrepreneurship is riskier than being an employee

True

False

According to Dr Boyce, the biggest benefit to being an entrepreneur is________________

You are your own boss

You get to make lots of money

You get lots of cookies

There is extra risk

According to Dr Boyce, where do most business owners get their money?

From their mothers

By stealing it

From their customers

From a paycheck

What is a profit?

A person in the bible

A type of business you start

The amount of money that the business owner receives after all expenses are paid

A way to get new customers

True or false: You must be at least 18 years old to start a business

True

False

When you own a business, who do you pay taxes to?

Your parents

The Tax Collection Authority

The Tax Revenue Service (TRS)

The Internal Revenue Service (IRS)

True or false: Wealthy people tend to have a strategy

True

False

What is one habit that wealthy people have that regular people do not?

Wealthy people buy more clothes

Wealthy people have more kids

Wealthy people eat more food

Wealthy people take more calculated risk

According to Dr Boyce, how long should an elevator pitch last?

60 to 90 seconds

As long as the elevator ride

As long as you want it to last

20 seconds

What should NOT be included in your elevator pitch?

Who you are

What your business does

Who you serve

How much money you make

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