Basic Entrepreneurship Vocabulary

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

• Entrepreneurship

• Entrepreneur

• enterprise

• Business Plan

A new method, idea, product, etc

• enterprise

• equity

• brand

• innovation

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

• networking

• Entrepreneurship

• brand

• marketing

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

• brand

• pitch

• enterprise

• equity

Any activity a business does to try and contact potential customers

• marketing

• Business Plan

• networking

• Entrepreneur

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

• pitch

• enterprise

• networking

• equity

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

• pitch

• brand

• innovation

• marketing

Another term for a business

• Entrepreneurship

• equity

• marketing

• enterprise

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.

• Business Plan

• Entrepreneurship

• networking

• enterprise

What is a Business Plan?

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

• Shares or ownership stakes in a business

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

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