Personal Motivations
Being in control of their own decisions and actions.
What is Personal Independence?
Clearly transfer information to others and listen to feedback.
What are communication skills?
Creating and implementing new ideas or improving upon old ones.
What is innovation?
Goals such as to increase profit margin or improve productivity.
What are financial goals?
Initial thought or concept creating a new, innovative product or enhancing an exiting product.
What is a business idea?
A person's ability to fully fund a desired lifestyle.
What is Financial Independence?
Hardworking and focused on achieving goals.
What is determination?
A customer need or want that is not currently being met by any business.
What are market opportunities?
Goals such as reducing environmental impact or improving employee welfare.
What are social goals?
Identify the goods or services the business plans to sell.
What is product range?
Generating more revenue than expenses.
Transitions in the desires of consumers.
What are changing customer needs?
Specific, Measurable, Attainable, Relevant & Time Bound.
A business having qualities or strategies that provide it with an edge over its competitors.
What is competitive advantage?
A business that fills a gap in an industry/sector.
What is to fulfil a market need?
Understands the environment/market they operate in and how to perform business tasks.
What is knowledge?
Directing resources towards creating and discovering new products.
What is research and development?
What are business strategies?
Conducting surveys or analysing data which identify the needs of potential customers.
What is market research?
Improving society or environment through business activities.
What is to fulfil a social need?
Able to develop new ideas, processes and new solutions to problems.
Where businesses trade products around the world.
What is decision-making?
An original creation of the mind that can be legally owned.
What is intellectual property?