To Start-up or not?

A Start-up is a new business that has just begun. Starting a new business is difficult and Start-ups are very vulnerable trying to compete with more established companies in the Business world.

New businesses are often started in a bedroom or home office. Mark Zuckerberg created Facebook from his Harvard dormitory. Steve Jobs started Apple in his father’s garage.

It is difficult for a new business to get funding. Some use a Crowd-funding platform like Kickstarter, where many people invest or donate a small amount of money.

50% of new businesses will fail in the first five years. 25% will fail within the first year. The number one reason is that they offer a product or service that people don’t want. Other reasons for failure include financial fraud and a lack of managerial experience.

But what about the ones who succeed? Uber started in 2009 and today has an estimated value of $62.5 billion.

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S'il te plaît, réponds aux questions de compréhension :

Question 1:

What is a Start-up?

a A new business

b A failed business

c A successful business

d An established business

Question 2:

Which of these companies is a Crowd-funding platform?

a Kickstarter

b Apple

c Facebook

d Uber

Question 3:

Which of these companies started in a university bedroom?

a Apple

b Uber

c Facebook

d Kickstarter

Question 4:

What is Crowd-funding?

a A way for a new business to raise capital (funding)

b Paying for lots of people

c A Bank

d A failed business

Question 5:

How much is Uber worth today?

a $2009 million

b $62.5 billion

c $62.5 million

d $50 million

Question 6:

How many businesses fail within 12 months?

a 2009

b 25%

c 62.5

d 50%

Question 7:

How many start-up businesses fail within 5 years?

a 50%

b 25%

c 2009

d 62.5

Question 8:

Which of these is NOT listed as a reason for failure?

a Lack of managerial experience

b Not having a garage

c Financial Fraud

d The wrong product or service

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