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| Term | Definition |
|---|---|
| administrative skills | The ability to perform 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 owed |
| entrepreneur | An individual who identifies an opportunity , develops and offers a unique product, assumes the risks of starting a business, focuses on the improvement and growth of that business, and receives personal and financial rewards |
| 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 |
| 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 people |
| 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 |