Basic Entrepreneurship Vocabulary

Front

An individual who undertakes the creation, organization, and ownership of a business by setting up a business, creating a new idea and who is willing to take a loss in order to make money

Back

Entrepreneur

Front

A new method, idea, product, etc

Back

innovation

Front

Television commercials, billboards on the side of the road, and magazine advertisements are examples of?

Back

marketing

Front

A brief speech that defines a person, process, product, service, organization, or event and its value

Back

pitch

Front

Any activity a business does to try and contact potential customers

Back

marketing

Front

Developing new contacts and maintaining a network of connections that could be beneficial for your business

Back

networking

Front

Refers to the words and symbols such as a name, logo, and slogan that represent a business’ identity

Back

brand

Front

Another term for a business

Back

enterprise

Front

The process of getting into and operating one’s own business refers to the execution of new ideas by building a solution to a problem and taking the necessary steps to make it a reality.

Back

Entrepreneurship

Front

What is a Business Plan?

Back

Document that describes a new business & a strategy to launch that business