Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Unit 2 Entre
| Term | Definition |
|---|---|
| Industry and Market Evaluations | Perceived customers (market) Expected lifetime use Growth potential |
| Economics and Profitability | Capital needed Projected profit margins Break-even point return pf investment potential |
| Competitive Advantage | Benefits offered intellectual property streamlined processes successful partnerships |
| Management and Team | Team members strengths and weaknesses Background, integrity |
| Self and Investor Analysis | Goals of, and fit with team Opportunity cost (what are you giving up, to have an investor?) Risk and Reward tolerance |
| Empathy | Who and what |
| Ideation | Developing and moving beyond |
| Prototyping | Experimenting and moving ideas forward |
| Idea vs Opportunity (Idea) | Idea - A concept with no plan, Nesarary starting point, Not all ideas will work |
| Idea vs Opportunity (Opportunity) | Opportunity - Idea with a plan, Could make for a profitable business, Driven by customers needs |
| Start up | A temporary organization that searches for a repeatable and scalable business model. |
| Small business | Started to fill a gap or provide a service, be your own boss |
| Value proposition | Statement that clearly identifies why people should go to you/your business instead of others. |
| Creativity vs Innovation (Creativity) | Potential of the mind to conceive new ideas hard to measure but easy to see subjective |
| Creativity vs Innovation (Innovation) | Process of translating and idea of invention into a good or service. |
| Driving forces behind creating value (3) | Opportunity - Driven Strong Entrepreneur Financial resources |
Created by:
mnjhbg
Popular Business sets