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Entrepreneurship 1
Objective101
| Term | Definition |
|---|---|
| Administrative Skills | The ability to preform essential, routine business tasks such as organizing, planning, filing, computing, etc. |
| Angle 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 owed |
| Entrepreneur | An individual who identifies an opportunity to create new value, develops and offers a unique product, assumes the risk of starting and building a business, focuses on the improvement and growth of that business, and receives personal and financial reward |
| Financial Skills | The ability to manage money |
| Flexibility | The ability to adopt to changes to 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 |
| Manger | An induvial 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 preform a task that is developed through knowledge, training, and practice |
| Small- business owner | An individual who owns a business venture to generate income without intentions of growing or expanding the business |
| Small business | A business that employs 500 people or fewer |
| Support system | A network that induvial and/ or organizations who offers assistant 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 Caractertics, expressed by a regular pattern of behavior , that become a part of you over time |
| Trends | the genrl directions in witch people or events are moving |
Created by:
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