Business: Module 3 Entrepreneurship

Entrepreneurs must develop writing, speaking and listening skills.

• communication skills

• human relation skills

• math skills

• basic business skills

Entrepreneurs must get along with others and enjoy meeting and talking to people.

• communication skills

• human relation skills

• decision making skills

• math skills

The stage in which the entrepreneur generates ideas and recognizes opportunities

• Harvesting

• Concept Development

• Discovery

• Resourcing

The entrepreneur plans the venture using a business plan

• Concept Development

• Harvesting

• Resourcing

• Actualization

The entrepreneur identifies and acquires the financial, human, and capital resources needed

• Harvesting

• Actualization

• Concept Development

• Resourcing

The entrepreneur utilizes resources to operate the business

• Discovery

• Actualization

• Concept Development

• Harvesting

The entrepreneur decides on a venture’s future growth, development, or demise

• Actualization

• Discovery

• Harvesting

• Resourcing

Protection of logo, name, motto or brand

• Copyright

• Trademark

• Patent

• Permit

Legal protection granted to an author, playwright, publisher to protect story, song, or play to protect an original work of art

• Patent

• Trademark

• Copyright

• License

Exclusive rights granted by the government to protect an invention

• Patent

• Trademark

• Copyright

• License