How to become a business owner
Some entrepreneurs invent new products, designs, or processes.
What is Becoming an Inventor?
Which are the four areas of focus on a SWOT analysis?
What is Strength Weakness Opportunity Weakness
Critical thinking, decision-making, and setting goals is also called this kind of thinking.
What is Vertical Thinking?
coming up with many business ideas is an important part of the entrepreneurial process.
What is Idea Generation?
They are the highest revenue earning college football program
What is The Ohio State University ($251 Million for 2022)
entrepreneurs find that they would rather own and manage a business that is already implementing an opportunity.
What is buying a Franchise?
how possible or worthwhile it is to pursue your idea
What is feasibility?
Hobbies, Interests, Talents and Skills are.
What are Internal Sources of Opportunity?
process of forming ideas and the first phase of thinking creatively.
What is Ideation?
They have the highest Gross Domestic Product (GDP) per capita
What is Luxembourg?
entrepreneurs prefer to purchase or expand a business that already exists.
What is buying an Independent Business?
the value of something you get in exchange for something you give up.
What is opportunity cost?
consumer need or want that can potentially be met by a new business.
What is a Business Opportunity?
the process of developing original ideas.
What is Creativity?
Bandeja Paisa is the national dish of this South American Country
(This hearty meal usually contains white rice, red beans, ground or minced beef, plantain, chorizo sausage, corn, pork crackling, fried egg, an arepa and usually half an avocado. )
What is Colombia?
The type of business that provides the greatest amount of entrepreneurial freedom is a(n)
What is business you start from scratch
process of adding up all the expected benefits of an opportunity and subtracting all the expected costs.
What is the Cost/Benefit Analysis?
Newspapers, Magazines, Business/Government Agencies, Trade Resources, and the Internet are
Where you can look for opportunities?
new ideas, devices, or methods introduced by entrepreneurs.
What is Innovation?
Rugby is the national sport of this Oceanic Country with their national team, the All Blacks winning 3 Rugby World Cups since it's inception in 1987.
What is New Zealand?
There are four common ways to turn ideas into opportunities:
What is
Start a new business
Buy an independent business
Buy a franchise
Become an inventor
This analysis can also be used to evaluate a business after it is up and running.
What is SWOT Analysis?
Problems, Changes, New Discoveries, Existing Products & Services, and Unique Knowledge are
What are External Sources of Opportunity?
Creative thinking and thinking outside the box is also known as
What is Lateral Thinking?
Hailing from this country, the Bavarian Mountain Scent Hound also called Bayerischer Gebirgsschweisshund and is known for its outstanding cold nose tracking ability.
What is Germany?