Anna helps brides-to-be choose wedding gowns that best suit their requirements and budget, and also helps them with where they can find the right dress. She has made her home her virtual office; she does not require external financing. Anna is using ________ to run her small business.

Select one:

a. crowdsourcing

b. franchising

c. bootstrapping

d. Crowdfunding

Which of the following is an example of a second career entrepreneur?

Select one:

a. Timothy, a 48-year-old, joining a real estate agency as a sales representative, after being downsized from his previous job.

b. Cynthia, a 24-year-old, starting a consultancy business after graduating from college.

c. Mark, a 30-year-old, starting a new business venture in stock trading after the failure of his previous business in real estate.

d. Ursula, a 60-year-old, starting a business in shrimp trading after being retired for 5 years.

Which of the following is a reason why most new businesses start on a part-time basis?

Select one:

a. The part-time workforce is dependable.

b. There is lack of volatility.

c. The window of opportunity is always open.

d. The cost of entry and exit is low.

Christopher is a hard-working entrepreneur who looked into all the details of his small gaming software business. He focused on all aspects of the business from the initial launch, promotion, and marketing aspects to the final set up. He finds planning convenient and works according to a plan. Christopher is a(n)

Select one:

a. reactive planner.

b. opportunistic planner.

c. habit-driven planner.

d. comprehensive planner.

Sven opening his own business servicing private swimming pools. Sven worked hard to build up his customer base, often performing services on last-minute notice, or even on holidays and weekends. Now, Sven has a comfortable number of routine services he provides for his customers and his business is profitable enough to support himself and his family. Which type of business does Sven likely own?

Select one:

a. a high-performing small business

b. a traditional small business

c. a unicorn

d. a lifestyle business