Entrepreneurship
Strategic roadmap for businesses that serves as a blueprint for entrepreneurs
Business Plan
Simplest form of business organization with a single owner that has complete control
Sole Proprietorship
The process of creating, developing, and managing a new business venture, often involving innovation, risk-taking, and the pursuit of profit or value creation
Entrepreneurship
The "Super Secret Tactic" to understanding business
Common Sense
The name of Mr. Boucher's Cat
Mouse
The majority of funds used to start a business comes from this group of people
Friends and Family
The 2 types of partnerships
General and Limited Partnerships
Businesses that offer the same products or services to the same target audience
Direct Competitor
The acronym "SWOT" refers to what 4 words
Strengths
Weaknesses
Opportunities
Threats
The name of Mr. Boucher's Rebus Puzzles
BRAIN STARTERS
Free Points!!!
Teams that got the last question correct get an extra 200 points!!!
A business that operates to serve a public or social cause
Nonprofit Organization
A type of financing provided to early-stage, high-growth companies with the potential for significant returns
Venture Capital
The reason businesses use SWOT Analysis'
To help you create or update your
business plan
To help you decide whether to introduce
a new product or service to the market
To review your business’s current health
To help you understand a
business/competitor
Name of the college that Mr. Boucher attended
Lewis University
List 3 of the Most Common Types of Small Businesses
1. Professional, Scientific, and Technical Services
2. Other Services
3. Retailing
4. Construction
5. Healthcare
A business model where a company grants rights to another party to use their brand, business model, and systems
Franchise
Define Brand Positioning
How a brand is perceived in the minds of its target audience in relation to competitors
DAILY DOUBLE!!! DOUBLE POINTS THIS QUESTION ONLY
Babies and Elderly Adults classify as this vocab word for a diaper company
Target Market Segment
Mr. Boucher subbed at this school
Bellmont
1. Not keeping adequate records
2. Not having enough start-up money
3. Lack of management experience
4. Lack of experience with with the type of business
5. Not controlling operating expenses
6. Poor Business location
7. Failure to manage credit offered to customers
List and explain 3 Types of Corporations
C-Corp: Traditional corporation with double taxation
S-Corp: Limited to 100 shareholders with pass-through taxation
B-Corp: Focused on social responsibility and profit
Define a Small Business
A business that operates with 500 or fewer employees
List ALL the essential elements of a business plan
Executive Summary
Market Analysis
Marketing and Sales Strategy
Competitive Strategy
Organizational Structure
Product/Service Line
Financial Projections
Funding Request
The name of Mr. Boucher's business
Inside the Lines