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Mini-Quiz: Levels of Starting a Business

by Ron Kurtus (9 April 2009)

Take this Mini-Quiz to check your understanding of the lesson material.

1. Is working a part-time job occasional entrepreneurship?

Yes, because you do not get a regular paycheck

It depends on the size of the company

No, because you are working for someone else

2. Can you get anywhere being in business for yourself?

It is basically a dead-end street

Many small-time entrepreneurs have greatly expanded their businesses

Only if you do not spend your money foolishly

3. Why do full-scale entrepreneurs often need venture capitalists?

A large amount of funding may be required for equipment and facilities

Venture capitalists can give advice on how to start a business

It is the law in most states

If you got all three correct, you are on your way to becoming a Champion Entrepreneur. If you had problems, you had better look over the material again.

Look toward the future

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