Vocabulary
The process of developing, organizing, and running a new business to generate profit while taking on financial risk.
Entrepreneurship
A need that can be fulfilled yielding a profit.
Business Opportunity
Canada ranks ___ out of 138 countries using the Global Entrepreneurship and Development Index.
3rd
Best known as the co-founder of Microsoft. He is a business magnate, a software developer, investor, and avid philanthropist.
Bill Gates
An individual who founds and runs a business assuming the risks and rewards of the venture.
Entrepreneur
A new idea, method or device that provides a better solution to satisfy consumer needs.
Innovation
There are roughly ____ new start-ups in Canada each year.
95,000
A business magnate and investor. He is the founder and chief engineer of SpaceX, CEO and product architect of Tesla, and Co-Founder of Neuralink and OpenAI.
Elon Musk
A state of mind in which one conducts him/her self to entrepreneurial activities. These individuals are drawn to opportunities and innovation.
Entrepreneurial Mindset
A necessity that the market cannot live without.
Market Needs
The belief that personal abilities, such as intelligence and talents, can be developed through dedication, hard work, and persistence, rather than being fixed at birth.
Growth Mindset
A talented artist and business woman who started as a singer and became an entrepreneur. Owning a clothing line Ivy Parker, production company Parkwood Entertainment, investing in WTRMLN WTR and co-ownership with Jay-Z of music streaming service Tidal.
Beyonce
A newly emerged business that is striving to develop a viable business model around a new product or service.
Start-Up Venture
Tangible products that have monetary value.
Goods
The greater the risk the potential for greater reward. However, also the potential for greater losses.
Risk/Reward Trade-Off
American entrepreneur, investor, and inventor, best known as the co-founder, chairman, and former CEO of Apple Inc., and as the CEO of NeXT and chairman of Pixar Animation Studios.
Steve Jobs
A commercial operation or company that satisfies needs in order to make a profit.
Business
Money remaining after all costs of running a business are deducted from total revenue.
Profit
The industry that Mr. Hughes' "side-hustle" is in.
Hockey Skill Development
A Canadian tech entrepreneur, television personality (Dragons Den), board director and venture capitalist. She co-founded Clearbanc, a Toronto based provider of revenue sharing solutions to fund new online businesses, and other e-businesses, and made the list of 100 Most Powerful Women in Canada in 2015.
Michelle Romanow