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Entrepreneurship Process Terms

AB
CapitalResourcesGather Resources & Materials needed to Run a Business
PatentsLicense conferring a right for an idea for a set period of time
TrademarksLegally registered logo, design, saying
RegulationsRules & Laws of town to run a business
DemographicsCharacteristics of Customers
BusinessLocationNeeds to Highly Visible
DiscoveryStageBrainstorm Ideas, Think about Process
EntrepreneurIndividual who undertakes the risk associated with running a Business
ConceptDevelopmentDevelop the Products and Services that will be sold
ResourcingStageRaise Money, Buy Capital, Hire Employees
ActualizationStageRun the Business, Grand Opening, Set Goals
HarvestingStageAsk Major Questions, Make Major Changes
BankruptcyA legal proceeding involving a person that unable to pay outstanding debt
LiquidationMeasuring assets worth and selling off to repay outstanding loans
creditscoreability to repay your loans on time
venturecapitalistInvestor who invests others money into business ideas in hope of a return on investment



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