mindset characteristics I
Helps you work well in groups.
Communication and Collaboration
Slide that explains how your target market has a problem taht is not being met by other products/services.
Problem/Opportunity
Optimistic mindset focused on learning the skills to help them succeed in their career.
Future Orientation
Ideas that arise in response to a challenge.
Problems
An expense that isn't affected by the number of items a business produces.
Fixed
Ability to change actions and plans to overcome present and future challenges.
Flexibility & Adaptability
Slide where you explain what you would do at launch and beyond the first year.
Current Status and Future Plans
Practice of seeing and experiencing problems as chances to generate solutions, improve, and grow.
Opportunity Recognition
Idea that arises from your personal hobbies, interests, talents, and skills.
Internal Sources
An expense that changes based on the amount of goods or services sold.
Variable
bonus: what is Mr. Parris' catchphrase?
it's cook or be cooked.
Show you can feasibly produce your product or execute your service in a cost-effective and time-efficient manner.
Cost Structure
bonus: name the other entrepreneurship TFs.
Isabella, Liam, Dezja
Ideas that modify or improve something else.
Existing Products and Services
One-time expenses needed to get your business running.
Start-up
Capacity to move forward with a decision despite challenges and uncertainty.
Comfort with Risk
Slide where you show how you plan to promote your product or service to potential customers and engage with your target market.
Marketing Plan
Power to take ownership of a project without input or guidance and work through obstacles independently.
Initiative & Self-Reliance
Ideas that have yet to be invented or utilize new technology.
New Discoveries
Detailed description of what the customer actually purchases with their money.
Definition of One Unit
Ability to think of ideas and create solutions to problems without clearly defined structure.
Slide where you show that you have thoroughly researched your industry and competitors, and that your business has at least one feature that makes it unique.
Competitive Analysis
Process of applying higher level thinking skills to make and execute decisions.
Critical Thinking & Problem Solving
Ideas that arise as a result of new developments that produce needs or wants that no one is currently meeting.
Changes
The total expenses associated with each unit of sale, including the cost of materials and labor used to provide the service.
COGS (Cost of Goods Sold)