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Entrprenuership
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| Term | Definition |
|---|---|
| Etiquette | Rules applying to acceptable behavior. |
| Globalization | The rapid and unimpeded flow of capital, labor, and deals across national borders. |
| Innovation | Something new, such as a new product, strategy, or process. |
| Intrapeneur | Employee who channels creativity and innovation to develop |
| Risk | The possibility of loss(failure) or gain (success). |
| Traditional | Restaurants, shops, carpenters, hair salon/barber shop, mechanics, other companies that help the local community function. |
| Growth potential | software development, apps, consulting, communication, marketing, development of medical equipment, business intelligence. |
| project -oriented | sell ideas and concepts and not specific products |
| Lifestyle | The business is not the essence of life, non profit |
| Angel Investor | someone who provides start up money to new business |
| business owner | delivers specialized products or services to those who need it in specific community |
| deduction | tax write off |
| flexibility | adaptability |
| home based business | company in residential dwelling |
| independence | ability to think on own |
| managers | individuals responsible for coordination of resources to accomplish goals |
| opportunity | circumstance present favorable means to meet objective |
| passion | strong feeling of enthusiasm |
| professional development | steps that individuals takes to enhance skills or traits needed to excel in career |
| self awareness | knowing own strength and weakness |
| self employeed | own boss |
| skill | ability to perform a task through knowledge |
| support system | network of individuals who offer assistance |
| traits | characteristics |
| entrepreneurial ventures | desire to innovate,grown, and create new value |
| amount of wealth | small business owners start businesses to create jobs for the owners |
| speed of wealth | small businesses can make a lot of profit over lifetime |
| objectivity | viewing things in unbiased manner |
| regulations | personal needs |