Entrepreneurship Process & Legal Requirements-6th Grade

The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

The stage in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc.

• Actualization
• Discovery
• Harvesting
• Concept Development

The stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect intellectual property.

• Discovery
• Harvesting
• Concept Development
• Actualization

The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.

• Concept Development
• Harvesting
• Resourcing
• Actualization

The stage in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives.

• Actualization
• Harvesting
• Resourcing
• Concept Development

The stage in which the entrepreneur decides on venture’s future growth, development, or demise.

• Concept Development
• Resourcing
• Harvesting
• Actualization

Data that describes a group of people in terms of their age, marital status, family size, ethnic background, gender, education, and income

• Harvesting
• Demographics
• Resourcing
• Actualization

Building permits, cosmetology licenses and certifications are all examples of 

• Legal Requirements
• Taxes
• Safety Requirements
• Business Plan

A legal agreement between two or more parties.

• Agreement
• Partnership
• Contract
• Zoning Law

These protect a business' logo.

• Trademarks
• Patents
• Copyrights