Worksheetsentrepreneurship woodcock period 6
Total questions: 25
Worksheet time: 13mins
The amount of money charged for goods or services.
First-hand research like surveys, interviews, and statistical data.
problem solving
primary data
The process of coming up with solutions to solve a problem.
brain storming
problem solving
A tangible item.
profit
product
real
The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
Growth
maker fit
market fit
The amount of financial gain from a business
money
A preliminary product, commonly a product with minimum viability, from which to test and develop.
One's ability to adapt to change, loss, and disappointment.
adaptability
The number of sales and other income in a business for a given period.
The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money.
chance
The level of willingness to lose time and money when starting a business.
patients
a calculation used to determine how much an investment is making.
Fees paid for the use of a brand name or image.
A calculation used to make projections about a company's future performance.
sales rate
run rate
A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders.
A fixed payment amount provided to a full-time employee.
How a business sells its products and services to the end customer.
Sales channel
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Data that may contain personal bias like company newsletters and academic journals.
Secondary data
Quaternary data
Trusting one's self, goals, and progress
self reliance
The price a company charges for its product or service. The selling price is determined by adding the cost price and the profit margin the company wants to earn.
An intangible service or skill that is performed.
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
The Small Business Administration (SBA) is an independent government agency specializing in providing small businesses with assistance to get their business up and running.
Smal Business Administration
A type of business structure with a single owner. The business is not shielded from any amount of liability
