Problem-Solving
This is the first step in the problem-solving process.
What is Identifying?
Opening a new business always involves this.
What is a Risk?
A person who takes a risk to start a business.
Who is an Entrepreneur?
This document acts like a roadmap for starting and running a business.
What is a Business Plan?
Entrepreneurs are willing to try new things and take chances, showing this trait.
What is Risk-Taking?
Gather facts and information.
What is Analyzing?
When you see a chance to meet a need in the market, you’ve found this.
What is an Opportunity?
The value of the next best alternative that you give up when making a choice is called
What is Opportunity Cost?
This section describes your ideal customers.
What is Target Market?
Ability to see long-term
What is Vision?
After implementing a solution, this step ensures you learn from the outcome.
What is reflection?
A student wants to open a sneaker store because they like shoes.
What is an Idea?
The total amount of money a business brings in before expenses.
What is Revenue?
Coming up with many possible solutions to a problem before choosing one is called this.
What is Brainstorming?
Embracing failures as learning opportunities.
What is Resilient?
When you assume the first idea you hear is the best solution, you may be falling into this bias.
What is Anchoring Bias?
A student sees that at football games, fans always wait in long lines for snacks. They propose a mobile snack cart in the stands.
What is an Opportunity?
Another word for a company’s costs.
What is Expenses?
The “how your business will make money” part of the plan.
What is Revenue Model?
Entrepreneurs must make choices and guide others, showing this skill.
What is Leadership?
Making decisions based on what comes to mind most easily.
What is Availability Bias?
Someone wants to design a backpack that has solar-powered phone charging
What is an Idea?
A short, catchy statement explaining what a business does and why it matters.
What is a mission statement?
Can distort judgment and lead to poor choices.
What is Bias?
The Best Entrepreneur
What is Ms.Graves?