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Timeline

Entrepreneurship is the process of starting and running a business.
An entrepreneur is someone who creates a new product or service and takes the risk of starting a
business to sell it.
Entrepreneurs have certain qualities that help them succeed. Some characteristics of entrepreneurs
are creativity, hard work, risk-taking, problem-solving, leadership, and confidence.
Entrepreneurs can be classified into different types based on their innovation, business ownership,
the nature of their business, area of operation, purpose, and growth strategy.

Traditional entrepreneurship refers to the creation and operation of businesses whose core value
proposition, production processes and customer interactions take place primarily in the physical
realm.
Digital entrepreneurship is the pursuit of new venture opportunities that rely chiefly on digital
technologies for value creation, delivery and capture.
The stages in the entrepreneurship process are: discovery, developing the business plan, resourcing,
operating (managing), and harvesting.

Choose the correct option.

1. What is the main focus of digital entrepreneurship?

a. Selling only physical goods b. Using traditional business methods

c. Hiring only local workers d. Leveraging digital technologies
2. Who is an innovative entrepreneur?

a. Someone who copies business ideas
b. Someone who runs a shop alone

c. Someone who creates new products or services
d. Someone who hires many workers

3. Which of the following apps helps with customer support?
a. WhatsApp Business b. Google Analytics

c. ClickUp d. TickTick
4. What is the first stage of the entrepreneurship process?

a. Resourcing b. Discovery
c. Harvesting d. Managing

5. Which of these is a advantage of traditional entrepreneurship?
a. 24/7 availability b. Tangible product credibility

c. Low marginal cost d. Rich data

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