Entrepreneurship Vocabulary (7)

Front

Assets

Back

are anything that has a value.

Front

Break-Even Point

Back

is when a business’s expenses and sales equal zero because the business has sold exactly enough units to cover its fixed expenses.

Front

Business Opportunity

Back

is a consumer need or want that can be potentially met by a new business.

Front

Business Pitch

Back

is a quick description of your business that you use to explain it to customers and investors.

Front

Business Plan

Back

is an overview of your business goals and includes details on how you think you are going to achieve them.

Front

Competition

Back

Rival businesses competing for the dollars your target market spends.

Front

Direct Competitor

Back

is a business in the market that sells a product or service similar to yours.

Front

someone who starts and runs their own business/ is the process of starting a new business.

Back

entrepreneur

Front

Fixed Operating Expenses

Back

operating expenses that a business must pay regardless of how many sales are made.

Front

Manufacturers

Back

create a product, such as a factory that creates shoes.