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Entrepreneurship Counseling Flashcards

6 cards from real CCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Entrepreneurship Counseling flashcards as text

  1. How should a career counselor assess a client's readiness for entrepreneurship?

    Answer: Evaluate risk tolerance, financial readiness, skills inventory, market knowledge, and personal motivation

    Entrepreneurship readiness assessment covers multiple dimensions including risk tolerance, financial capacity, relevant skills, market understanding, and motivation.

  2. What resources should career counselors connect aspiring entrepreneurs with?

    Answer: SBA, SCORE mentors, Small Business Development Centers, incubators, and local entrepreneur networks

    Multiple free and low-cost resources exist including SBA programs, SCORE mentors, SBDCs, and local incubators that provide guidance for new entrepreneurs.

  3. How does self-employment differ from traditional employment in terms of career development?

    Answer: Self-employment requires continuous skill development across business management, marketing, finance, and the core service area

    Self-employment demands broader skill development than traditional employment, spanning business management, marketing, finance, and technical expertise.

  4. What psychological challenges should career counselors address with entrepreneurial clients?

    Answer: Isolation, uncertainty tolerance, perfectionism, work-life boundary maintenance, and identity attachment to business outcomes

    Entrepreneurship presents unique psychological challenges including isolation, constant uncertainty, difficulty maintaining work-life boundaries, and tying self-worth to business success.

  5. How should a career counselor help a client develop a business plan?

    Answer: Guide the client through market analysis, value proposition, revenue model, and personal sustainability assessment

    While career counselors are not business consultants, they can guide clients through key planning elements and assess whether the venture aligns with personal goals and sustainability.

  6. What exit strategy considerations should career counselors discuss with entrepreneurial clients?

    Answer: Discuss potential scenarios including selling the business, transitioning back to employment, pivoting, or scaling

    Proactive exit strategy discussion helps entrepreneurs plan for various outcomes and maintain career flexibility regardless of business trajectory.