Entrepreneurial & Small Business Concepts
An individual with an idea for a new product or service
What is an entrepreneur?
The first step in the design thinking process.
What is empathize?
Protects brand names and logos.
What are trademarks?
In a SWOT analysis. The S stands for this. It is what the company does well.
What are strengths?
This 1-to-2 page document summarizes your education, work history, and skills.
What is a resume
Tenacious, adaptable and responsible describe this.
What is the entrepreneurial mindset
The step in the design thinking process where solutions are brainstormed.
What is ideate?
Non-disclosure agreements (NDA) and confidentiality agreements are used to protect...
What are trade secrets?
In a SWOT analysis. The T stands for this. These are outside factors that could negatively impact a business.
What are threats?
A comprehensive plan designed to help individuals balance their income against their ongoing expenses.
What is a budget?
The disadvantage of a non-profit.
Profits can not be distributed.
The second step of the design thinking process where the problem is identified.
What is define?
Outlines the purpose, goals and direction of a company.
What is the business plan?
A target market is the consumer group which a business markets its product or service. Who is the target market for Nintendo?
Responses may vary
The practice of organizing and planning how to divide your time between specific activities to increase productivity.
What is time management
This business type is taxed twice.
What is C-Corporation.
Luca was hired by a company to oversee the day-to-day functions of the company. He was hired in what role?
What is the COO? Chief Operating Officer
Before you can use someone elses patent, you must...
What is obtain ownership for the patent? What is pay a royalty?
Indirect competition refers to businesses where the products or services are different but could satisfy the same need. Who would be indirect competition for Starbucks?
Smoothie shop, soda, boba tea
The proactive step you should take within 24 hours of completing an interview to express gratitude and reiterate interest.
What is sending a follow up email or thank you
Shareholders in this business type must be citizens or residents of the U.S.
What is a S-Corporation
What is the CEO?
Name three factors that affect demand.
Price, Competition, Income, Preferences/Taste, Product Availability
Businesses who sell a very similar product or service are considered direct competitors. Who would be a direct competitor of Hulu?
Netflix
The specific professional practice of building, maintaining, and leveraging mutual relationships to discover job opportunities.
What is networking