Vocabulary
A detailed proposal that describes a new business
What is a Business Plan?
The stage in which the entrepreneur generates ideas, recognizes opportunities, and studies the market.
What is Discovery?
Brief one- to two-page description of the key points of each section of the business plan.
What is Company Description or Executive Summary?
A method used to help you identify and achieve a clear picture of where you stand.
What is SWOT Analysis?
Which parts of our body keep growing throughout our lives?
What are ears and nose?
Formal inquiry to discover and examine facts.
What is Investigation?
The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc. Example: identifying investors, applying for loans/grants, hiring employees)
What is Resourcing?
You sell and offer this to your customers.
What is Products and Services?
These are things you can improve, lack resources, and can be seen by others.
What are Weaknesses?
How many sides are present in a hexagon?
What is six?
Parts or sections.
What is Components?
The stage in which the entrepreneur decides on: venture’s future growth (expanding), development (establish), or demise (selling your business). Example: It's like planting a seed.
What is Harvesting?
Key players and partners who may be involved in the business venture.
What is Management Team?
These are things that could harm you from learning and can be exposed to you.
What are Threats?
Which 2 colors combine to form orange?
What is red and yellow?
A symbol, word, or words legally registered or established by use as representing a company or product.
What is Trademark?
The stage in which the entrepreneur operates the business and utilizes resources to achieve its goals/objectives. Example: Grand Opening and Day-to-Day Operations
What is Actualization?
This is how you determine: Customers, Competition, Industry and Demographic, geographic, and economic data.
What is Market Analysis?
These are things open to you where you can take advantage of trends and turn your strengths into.
What are Opportunities?
Which pop singer’s real name is Robyn Fenty?
Who is Rihanna?
A plan of action or policy designed to achieve a goal.
What is Strategy?
Generating "ideas" for a business.
What is Concept Development?
Includes all processes involved in producing and/or delivering the product or service to the customer. Example: key activities & day-to-day operations
What is Operational Plan?
This is something you do well and can draw on unique resources.
What are Strengths?
How many muscles are there in the human body?
What is 640?