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Ent l 102
Objective 1.02
| Term | Definition |
|---|---|
| Administrative Skills | The ability to preform essential, routine business tasks such as organizing, planning, filing, billing, computing, etc. |
| Angel Investor | Someone who provides startup money to a new business. |
| Challenge | An obstacle or problem; something that might hinder the achievement of goals. |
| Communication Skills | The ability to express thoughts and ideas in a clear manner. |
| Creativity | The ability to generate unique ideas, approaches, and solutions. |
| Decision-Making Skills | The ability to effectively choose among alternatives. |
| Deduction | A tax write-off that reduces the gross amount of an individual's income, which in turn reduces the taxes owned. |
| Entrepreneur | An individual who identifies an opportunity to create new value, develops and offers a unique product, assumes the risks of starting and building a business, focuses on the improvement and growth of that business, and receives personal and financial rewar |
| Financial Skills | The ability to manage money. |
| Flexibility | The ability to adapt to changes as they occur; adaptability. |
| Home-Based Business | A company that is operated in a residential dwelling. |
| Independence | The ability to think and act on your own and to complete tasks without the direction of others. |
| Innovation | The process of creating new or more effective products, processes, services, technologies, or ideas. |
| Leadership Skills | The ability to guide or direct the actions of others. |
| Manager | An individual responsible for the coordination of resources to accomplish an organization’s goals. |
| Network | To connect with individuals who might help accomplish personal, career, or professional goals. |
| Opportunity | A circumstance that presents itself as a favorable means to meet an objective. |
| Passion | A strong feeling of enthusiasm, determination, and devotion. |
| Problem-Solving Skills | The ability to find solutions to obstacles or problems. |
| Professional Development | Steps that an individual takes to enhance or improve skills or traits that are needed to excel in their career/profession. |
| Self-aware | Conscious of one’s own strengths, weaknesses, and emotions. |
| Self-employed | An individual who is their own boss. |
| Skill | The ability to perform a task that is developed through knowledge, training, and practice. |
| Small Business | A business that employs 500 or fewer employees. |
| Small-business owner | An individual who owns a business venture to generate income without intentions of growing or expanding the business. |
| Support system | A network of individuals and/ or organizations who offer assistance to those in need of advice and information. |
| Technical Skills | The ability to acquire and utilize systematic, specialized applications to accomplish business objectives. |
| Traits | Personal characteristics, expressed by a regular pattern of behavior, that become a part of you over time. |
| Trends | The general directions in which people or events are moving. |