Entrepreneurship Vocabulary

1. a legal proceeding involving a person or business that is unable to repay their outstanding debts.
4. a document setting out a business's future objectives and strategies for achieving them
5. other businesses offering the same services for the same client needs in the same market as you
7. A formal arrangement by two or more parties to manage and operate a business
8. the actual costs associated with operating a property that do not vary in the short term
9. account of the financial factors that affect your ability to make profits
10. a person or company that makes goods for sale
14. the selling of merchandise and certain services to consumers
15. a business plan that you present to your potential investors to secure funding
17. the action or business of promoting and selling products or services, including market research and advertising
18. A formal letter that should have say your Hard Skills

2. a useful or valuable thing, person, or quality.
3. 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
6. income, especially when of a company or organization and of a substantial nature
11. the simplest and most common structure chosen to start a business
12. reach a point in a business venture when the profits are equal to the costs.
13. A sheet of paper that includes your Hard Skills
16. the action of helping or doing work for someone
18. the activity or condition of competing