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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Editor : Molly Lavik (Vatel International Business School Los Angeles, USA)

Entrepreneur assessment survey

Directions: Please circle your personal response to each question. Please be sure to go with the answer that is your first choice if and when you are in doubt of how to respond.

  1. Do you have an issue that is a major driving force behind your professional goals in life?
    Yes Undecided No
  2. Would you describe yourself as the type of person who gives up easily when faced with adversity?
    Yes Undecided No
  3. Do people who have known you since childhood describe you as the type of person who gives up easily when faced with adversity?
    Yes Undecided No
  4. Have you been successful in the past convincing others to help you to accomplish your goals?
    Yes Undecided No
  5. Do you have a desire to make the world a better place that is a stronger goal for you then your desire to earn money?
    Yes Undecided No
  6. Have you considered becoming an entrepreneur?
    Yes Undecided No
  7. Have you spent a substantial amount of time in your life considering what type of legacy you would like to leave?
    Yes Undecided No
  8. When trying to raise support for an idea, do you ever start by identifying people to form alliances with who may be sympathetic to your goal?
    Yes Undecided No
  9. If you were busy with a deadline for work and or school would you miss completing this deadline on time because you gave your own new venture/start up/new product idea a higher priority?
    Yes Undecided No
  10. Will you use your score on this test to ultimately help determine if you should become an entrepreneur?
    Yes Undecided No
  11. How many of the entrepreneurial mindset characteristics do you possess? Give yourself 1 point for each of the characteristics you possess from the list below.
    Yes Undecided No

Total Score for characteristics:

Some key characteristics of an entrepreneurial mindset

In [link] some characteristics of an entrepreneurial mindset were shared; here are additional characteristics and or similar characteristics to also consider.

Mentor Method 2

Humanitarian
Worth 1 Point
Add 1 Point
Organizing movements that can take many forms including campaigns, drives, grassroots or net roots movements, lobbying, and/or crusades for the express purpose of providing altruistic or charitable support.
Visionary
Worth 1 Point
Add 1 Point
Possessing the ability to potentially define the future by making bold unsubstantiated predictions for new enterprises while utilizing a great deal of imagination and foresight in the process.
Values-centered
Worth 1 Point
Add 1 Point
Demonstrating worthwhile qualities of leadership that are lawful, ethical, considerate, and honest in nature and intent.
Change-oriented
Worth 1 Point
Add 1 Point
Adopting a leadership style that attempts to transform the status quo by creating a new method, process or invention for accomplishing tasks.
Self-reliant
Worth 1 Point
Add 1 Point
Depending on yourself to develop solutions for the problem or challenge at hand.
Persuasive
Worth 1 Point
Add 1 Point
Able to convince others that the new organizations’ mission and goals are viable and should be adopted and supported.
Hyper-focused
Worth 1 Point
Add 1 Point
Maintaining uninterrupted attention and concentration directed at implementing the enterprise’s mission.
Passion
Worth 1 Point
Add 1 Point
Having a tremendous amount of enthusiasm and excitement over the mission and goals of the new organization.
Energetic
Worth 1 Point
Add 1 Point
Demonstrating an infinite amount of drive and an enterprising nature toward accomplishing an organization’s objectives.
When starting a new organization especially when starting a social enterprise, it requires a great deal of energy and drive to accomplish all the objectives especially given that social enterprises usually require volunteer staff and unpaid staff for resourcefulness that goes far beyond the standard needs of a traditional, long-established company.

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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