refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world.

a new method, idea, product, etc.

having or sharing responsibility for accepting the losses if projects go wrong.

values that are shared by all cultures throughout the world.

moral principles applied to business issues and actions.

exclusive right to perform, display, copy or distribute an artistic work.

exclusive right to make, use or sell, a device or a process.

a symbol that indicates that the used of a brand or brand name is legally protected and cannot be used by other business.

a document that summarizes the operational and financial objectives of a business.

provides an overview of the business plan as a whole and highlights what the business plan will cover.

Details of the products and services your company offers that you covered in the executive summary.

research and identify a company's primary target audience and where to find this audience.

Describe the company's high level strategies and expected results.

assessing and analyzing the comparative strengths and weaknesses of competitors; may include their current and potential product and service development and marketing strategies

start-up and routine management of the company.

allows the entrepreneur to see things in a very positive, and optimistic light in the midst of

crisis or difficult situations. Instead of being discouraged, the entrepreneur is able to use these problematic situations as inspiration in creating something innovative.

one commonality between an inventor and an entrepreneur, it is their surging passion.

This refers to the ability of the entrepreneur to sense without using the five senses. This is also known as intuition.

refers to the “big or macro forces” that affect the area, the industry, and the market, which the enterprise

belongs to.