something new
The point at which your start-up costs have been paid and you begin to earn profit.
What is the "break-even point?"
Do this quickly, then rebound.
What is "fail?"
The hat you wear when you generate new ideas
What is a green hat?
To treat someone or something unfairly by associating them with negative stereotypes, shame, or disgrace
Human capacity that is diminished by formal education.
What is creativity?
Coming up with a new product or process.
What is innovation?
A form of strength training for the brain that increases creativity
What is "mindfulness" or "meditation?"
Specific, measurable, achievable, relevant, time-bound
What is a "SMART" goal?
The word "entrepreneur" originally comes from this language.
What is "French?"
Motivation that comes from within.
What is intrinsic motivation?
Generating a business idea focuses on meeting these two things in consumers: _____ and _____.
What are wants and needs?
It is OK to make these, because you learn a lot from them.
What are "mistakes?"
The D in DUMB
What is "dream driven?"
Behaving in an ethical manner, even when no one is looking.
What is "integrity?"
Motivation that seeks to avoid punishment.
What is extrinsic motivation?
Businesses that offer what you do.
What is the competition?
The main reason people are unsuccessful in their pursuits.
What is "fear of failure?"
Thinking that produces unexpected or non-logical results
What is "lateral" thinking?
Using skills, gifts, money, and resources wisely and responsibly.
What is "stewardship?"
Taking action without being asked.
What is initiative?
The fourth element of a business marketing plan.
How will you be unique or different?
To manage risk, develop this and test it regularly.
What is a prototype?
Thinking that considers facts
What is "white hat" thinking?
Individuals who invest in your venture, not because they anticipate huge profits, but to help you on your way.
What are "angel investors?"
A sound venture starts with this, rather than what they may or how they make it.
What is the WHY?