Entrepreneurship Vocab

5. a formal, scheduled evaluation about strengths and weaknesses
6. a self-employed individual or business entity
8. high-risk, long-term financing provided by investors to startups and small businesses with high growth potential, usually in exchange for equity (ownership stake) rather than debt
11. a business strategy where companies bypass retailers to promote and sell products directly to consumers
14. business practice of hiring an external third party to perform tasks
17. Company flexible business structure that acts as a legal shield, separating personal assets (home, savings) from business liabilities.
18. business is a strategic partnership where two or more parties collaborate to pursue a specific project

1. formal agreement where two or more independent businesses collaborate to achieve shared goals
2. business model where independent distributors sell products directly to consumers
3. recognizable brand identifier
4. process of determining the economic worth of a company
7. process of establishing and maintaining mutually beneficial relationships with other professionals,
9. a corporate transaction where one company purchases majority of another company's shares
10. a legal business entity, separate from its owners
12. two or more companies combine to form a single, new legal entity
13. most common business structure owned and operated by one individual
15. Strategic management of a company’s reputation and public image
16. legal document that gives an inventor exclusive rights to their new product