BU20 3.03 Starting a Business Vocabulary

The stage in where  financial, human, and capital resources are identified.

 A brief description of the key points of the business plan

Capital and resources needed to start a business

The process of starting and operating one’s own business

Data that describes people in terms of their age, marital status, ethnic background, gender,etc

An idea that has commercial value.

The stage in which the entrepreneur operates the ventures and utilizes resources.

A proposal that describes a new business

Individual who undertakes the risk associated with creating, organizing, and owning a business.

Any name, symbol, figure, letter, word, or mark adopted and used by a manufacturer

Stage in which the entrepreneur decides on adventure’s future growth, development, or demise.

The exclusive rights granted by a government to manufacture, use, or sell an invention

Applying principles of right and wrong to situations in the workplace.

Wealth in the form of money or property

A written description of the purpose of a company and the management’s philosophy.

Sometimes referred to as “mom and pop”businesses. 

The legal right granted to an author to exclusive publication, production, sale, distribution.

Stage in which the entrepreneur generates ideas and recognizes opportunities.

A new or different product

Venture A business undertaking involving risk

The stage where resources and strategies to protect intellectual property are identified.