Entrepreneurship Vocabulary

5. other businesses offering the same services for the same client needs in the same market as you
8. a document setting out a business's future objectives and strategies for achieving them
9. a legal proceeding involving a person or business that is unable to repay their outstanding debts.
11. an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture.
12. the simplest and most common structure chosen to start a business

1. the activity or condition of competing
2. a useful or valuable thing, person, or quality.
3. A formal letter that should have say your Hard Skills
4. reach a point in a business venture when the profits are equal to the costs.
6. account of the financial factors that affect your ability to make profits
7. A formal arrangement by two or more parties to manage and operate a business
10. a business plan that you present to your potential investors to secure funding
13. A sheet of paper that includes your Hard Skills