a clearly articulated, general statement that describes future state of affairs and provides general direction, purpose or intent of what needs to be accomplished.
What is goal statement
100
an idea that has commercial value
What is opportunity
100
entrepreneurs are willing to work until a job is done
What is persisitance
100
Entrepreneurs take risks, but they are not reckless
What is risk taking
100
product, price, place, promotion
What is the four p's in business
200
what your business will do and why it will exist tomorrow and it has defined goals to be accomplished by a set date.
What is vision Statement
200
intangible products
What is services
200
Entrepreneurs believe in themselves
What is Self confident
200
Once entrepreneurs achieve their goals, they start looking for new challenges
What is Restless
200
is in regards to distribution, location and methods of getting the product to the customer.
What is place
300
a formal summary of the aims and values of a company, organization, or individual
What is mission statement
300
the process of getting into and operating one's own business
What is entrepreneurship
300
Entrepreneurs set and achieve goals.
What is Goal oriented
300
Entrepreneurs are doers instead of spectators they take action.
What is Action oriented
300
concerns the amount of money that customers must pay in order to purchase your products.
What is price
400
A form of business when two or more parties go into business together and share profits, losses, and liability for the busines
What is Partnership
400
resources an entrepreneur needs to have when starting a business, including capital, skilled labor, management expertise, legal and financial advice, a facility, equipment, and most imprtantly, customers
What is start-up resources
400
Entrepreneurs take responsibility for their decisions and actions
What is Responsible
400
Entrepreneurs have high expectations.
What is Self demanding
400
are the goods and services that your business provides for sale to your target market.
What is product
500
a visual representation of your life goals
What is vision board
500
written document that describes all the steps necessary for opening and operating a successful business.
What is business plan
500
Entrepreneurs look for new ways to solve old problems
What is creative
500
Entrepreneurs want to make their own decisions
What is independent
500
refers to the act of communicating the benefits and value of your product to consumers. It then involves persuading general consumers to become customers of your business using methods such as advertising, direct marketing, personal selling and sales promotion.