Self-e Project

Entrepreneurship and Life-style Entrepreneurship

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What are differences between Entrepreneurship and Life-style Entrepreneurship?

Theme: Entrepreneurship and Life-style Entrepreneurship
Exercise: What are differences between Entrepreneurship and Life-style Entrepreneurship?
Developed by: KNJUC, LT

Aim: To deepen the understanding of differences between Entrepreneurship and Life-style Entrepreneurship.

Learning outcomes:

Ability to compare Entrepreneurship and Life-style Entrepreneurship.
Knowing the differences between Entrepreneurship and Life-style Entrepreneurship.

Expected duration: 20 minutes

Description:
This exercise will help you learn about some typical entrepreneurial characteristics when comparing Entrepreneurship and Life-style Entrepreneurship. The traditional Entrepreneurship and Life-Style Entrepreneurship has some similarities, but they are also rather different. This exercise will reveal the main differences between two of them.

Task: For each question, please select possible answer that you think is correct.

What are differences between Entrepreneurship and Life-style Entrepreneurship?

(1/5) Do Entrepreneurs and Life-style Entrepreneurs both need to have an exit strategy?

(2/5) Is it equally important for both Entrepreneurs and Life-style Entrepreneurs to seek for investors who care about a return on their investment?

(3/5) Is profit the main motivator for Entrepreneurs and Life-style Entrepreneurs?

(4/5) Are there any differences between Entrepreneurs and Life-style Entrepreneurs when thinking about scope of business?

(5/5) Are both Entrepreneurs and Life-style Entrepreneurs are willing to work 80 hours per week?

Thank you for completing the exercise!