Could be anything
A clear, concise and compelling way to describe a business or new business concept in 30 seconds; a differentiating vision to encourage potential investors or employees to learn more.
What is an elevator pitch?
Open ended question that prompts more than a "Yes" or "No" answer.
what is an open ended question
A complete package that supports a "Go" decision by an entrepreneur to launch a new business.
what is a launch plan?
Individuals and companies often promise to keep information they learn secret.
what is confidentiality
The ability to interact in a friendly and effective way with unfamiliar people. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance or background.
What is comfort engaging with strangers?
Treating stakeholders as the entrepreneur would hope others would treat him/her.
What is fairness?
A situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believes this individual is serving them.
What is conflict of interest?
Non-physical assets created by individuals or companies that hold the exclusive legal right to commercialize.
What is intellectual property?
gives the author the sole right to benefit economically from what he/she wrote, like a song or poem.
What is a copyright?
The ability to accurately convey information both verbally and written
The decision point at which an entrepreneur makes the final decision on whether or not to launch a new enterprise or abort the effort due to unfavorable market research or pro forma projections.
What is go or no go
gives the inventor the sole right to benefit commercially from his/her invention.
What is a patent?
How a business communicates to large numbers of customers, motivating them to learn more about the business and its offerings.
what is marketing
gives the registering individual or company the sole right to benefit from a brand or image he/she created.
What is a trademark?
The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information.
what is computer literacy skills?
Proper business behavior beyond complying with legal requirements.
What are business ethics?
Actions entrepreneurs and companies take that go beyond their financial self-interest. These actions are voluntary, but often reflect the personal beliefs of business leaders about what their companies can or should accomplish.
What is corporate social responsiblity?
The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
What is transparency?
Understanding how individuals and businesses earn money and what they spend money on. Understanding important money terms and how to create a budget.
what is financial literacy?
A person who coaches and supports an entrepreneur
what is a mentor
Relationships and resources that help individuals succeed.
what are personal support systems?
Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task.
What is teamwork?
When an entrepreneur’s actions and decisions are guided by a set of beliefs about how he / she wants the business to succeed.
What is mission driven?
Individuals and companies often promise to keep information they learn secret and sign this document to "seal the deal".
What is an NDA or Non-disclosure agreement?
The ability to find solutions to difficult or complex issues. The process of working through the details of a challenge or crisis – often under pressure – to reach a solution.
What is problem solving?