Entrepreneurship Vocabulary Fun!

any cost incurred by a company to generate revenue or support including wages, rent, utilities, and supplies

a financial tool that determines how many units of a product or service to be sold to cover cost

a design for the operation of a business, identifying revenue sources, customer base, products and details of financing

Cashflow is the amount of money that increases the value of an individuals assets

something that has value and is owned by an individual or organization

Intellectual Property - creations of the mind, artistic works, logos, etc protected by law, allowing control and value.

business expenses that remain the same, regardless of how much a company produces or sells

A business model canvas is design for the successful operation of a business

money that a business uses to buy, upgrade, or maintain long-term assets

introducing new ideas, methods, products, or services resulting in improvements, efficiency, growth, advancements, etc.

a type of product manufactured by a particular company under a particular name

a new company, industry, or startup that lacks experience, resources, or market share in its early development.

An incubator is a planned and coordinated effort to introduce a new product while caring and protecting it's interest.

Fixed Assets are nontangible, short-term assets a company uses in its operations that are not intended for resale.

the planned and coordinated effort to introduce a new product, service, business with varied strategies and divisions

the use of financial resources and other assets to start and grow a business

Crowd funding is when a company gives funds to a group of people to promote their ideas or products.

Conversion is the process of turning potential customers into actual buyers.

An acquisition is an asset or object bought or obtained, typically a library or a museum

a large scale organization that conducts commercial, industrial, or professional activities