Entrepreneurial Skills
Emp. Skills, Module-5
Entrepreneurial Skills
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Q1: An entrepreneurial mindset means to:
- Identify opportunities and use them for your benefit
- Try different ways to solve problems
- Achieve your goal, without giving up
- All of these
Q2: What does it mean to think like a business person?
- Only thinking about money
- Being scared to try new things
- Seeing problems as things to fix
- Not liking change
Q3: If you face a problem in your community, which of the following entrepreneurial mindset traits would be most helpful?
- Waiting until everything is perfect to do something
- Taking action to solve the problem
- Ignoring the problem and hoping it goes away
- Blaming others for the problem
Q4: Imli makes soaps and sells from her home. She wants to grow her business. What should she do?
- Talk to shopkeepers and build connections with them.
- Keep doing the same thing without any changes
- Wait for an opportunity to grow the business
- Only sell to her neighbors
Q5: If your coworkers don't agree with your project idea, what's a good way to handle it with an entrepreneurial mindset?
- Give up on your idea
- Stop talking about it
- Ask for feedback and make your idea better with their help
- Stick to your idea without listening to others
Q6: Why is it important to have a business plan before starting a business?
- To attract investors and get a loan
- To outline goals and set clear direction for growth
- To identify potential challenges and risks
- All of these
Q7: Imagine you are setting up a mobile repair shop. Which of the following is the most important for its success?
- Setting up the shop in a busy area
- Offering repair services at a higher price
- Putting up flyers in the neighbourhood
- Picking the right shop name
Q8: Mehul is making a plan for his business. Which of the following is NOT included in a business plan?
- Business idea
- Startup costs
- Future growth strategies
- Personal interests and hobbies
Q9: Anita is going to the bank today to ask for a loan. She has prepared a business plan. Which of the following will make her business plan strong?
- Have only the idea and name of her business
- Total cost of starting her business without any details
- Challenges her business might face along with solutions for them
- None of these
Q10: Imagine you are starting a bakery business. What would you focus on first in your business plan?
- Selecting a catchy name for the bakery
- Calculating how much money you need to start the business
- Planning how to advertise the bakery on social media
- Figuring out how the business will grow
Q11: When presenting your business plan, what should you do to engage and connect with the audience?
- Practice until you can confidently present your plan
- Repeat yourself multiple times
- Share a story or an experience that shaped your idea
- Avoid eye contact with the audience
Q12: When presenting your business plan to a potential investor, you should be clear about
- Initial investment required and breakdown of the costs
- Expected customer count
- Potential earnings
- All of these
Q13: When presenting your business plan, what can you do to help audience understand and believe in your product/service?
- Repeat yourself multiple times
- Give demo of the product/service
- Share overall business costs
- Tell a joke
Q14: Imagine you're presenting your business plan to potential investors. Why is it important to actively listen to their questions and provide thoughtful answers?
- To show off your expertise
- To avoid eye contact
- To understand the concerns of the investors and build their confidence in your plan
- None of these
Q15: Maya needs funding for her small business. What can she do to find a suitable investor?
- Send her business plan to every investor she finds online.
- Attend networking events to meet suitable investors.
- Send her business plan to her friends and ask them to send it to investors they may know.
- Wait for the suitable investor to find her
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