Entrepreneurship Statewide Credential Vocabulary 2

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Human Capital

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A team of talented, driven individuals led by a proven-effective business leader.

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Contingency

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A future event or circumstance that is possible but cannot be predicted with certainty.

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Tenacity

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The quality or fact of being able to endure and continue with determination.

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Stamina

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The ability to sustain prolonged physical or mental effort.

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Risk

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A situation involving exposure to danger. In entrepreneurship, it includes loss of capital, time, effort, and reputation.

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Business risk

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Risks associated with the success of a single venture.

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Market risk

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Risks in a market sector that impact all competitors in that sector.

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Reputational risk

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Risks associated with the reputation and good standing of a venture.

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Financial risk

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Risks associated with the financial standing or performance of a venture.

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Political risk

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Risks associated with the geography in which a venture operates.