Show:
Business Structures
Business Types
Traits of an Entrepreneur
Entrepreneurship
Miscellaneous
100

A business in which two or more individuals share ownership and the responsibilities of running the business

What is Partnership
100

A legal agreement between two companies to combine into a new entity

What is a Merger

100

The capacity to recover quickly from difficulties

What is Resilience

100

What is the importance of entrepreneurship

What is creates jobs and growth, solves problems in the world, and encourages self-reliance and adaptability

100
What kind of costs deal with rent and salaries

What is Fixed Costs

200

A business owned and operated for the benefit of those using it's services with profits shared among it's members

What is a Co-Op (Cooperative)

200
Not for profit organization. Typically charities or other organizations that operate for scientific, religious, or public safety purposes.

What is a Non Profit

200

The ability to think about the future with imagination or wisdom

What is Vision

200
The activity of setting up a business and taking on financial risks in hope of a profit

What is Entrepreneurship

200
What kind of costs deal with materials and utilities

What is Variable Costs

300
A business structure that combines the pass through taxation of a partnership or sole proprietorship with the limited liability of a corporation

What is an LLC

300

A business model where an individual or group is granted the right to use a company's brand and operating methods to market their products or services in a specific area

What is a Franchise

300
The process of translating an idea or invention into a good or service that creates value or for which customers will pay

What is innovation

300

An individual who creates and manages a business taking on financial risks in hope of a profit.

What is an Entrepreneur

300

How can you effectively communicate your business idea

What is Concise, Confident, and Enthusiasm

400

A business owned and operated by one individual, with no legal distinction between the owner and business entity

What is Sole Proprietorship

400

A newly established business often in the early stages of development

What is a Start Up

400
The ability to adjust to new conditions or changes in one's environment

What is Adaptability

400

The process of collecting and analyzing data about customers' competitors and the market

What is market research

400

Name 3 Funding Sources for a business

What is Personal Savings, Loans, Venture Capital, Angel Investors, Crowd-funding or Grants

500

A legal entity that is separate and distinct from it's owners, offering limited liability to it's shareholders

What is a Corporation
500
Financial transaction where one company buys another company, either in part or in whole, to gain control of it's operations

What is Acquisition

500
Steadfastness in doing something despite difficulty or delay in achieving success
What is Perseverance
500

A clear statement that explains how your service is different from your competitors

What is UVP (Unique Value Proposition)

500

Why is networking important for entrepreneurs

What is it expands opportunities, mentorship and resources, and build relationships