Vocabulary #3

2. An action plan for implementing to identify, prioritize and implement actions to reduce risks.
4. Risks associated with the geography in which a venture operates.
5. A new business launched by two existing businesses.
8. Funds contributed by owner.
10. The quality or fact of being able to endure and continue with determination.
11. A future event or circumstance that is possible that cannot be predicted with certainty.
12. A business created from scratch.
14. Money owed to a franchisor per contract agreement.
19. Risks associated with the financial standing/performance of a venture.
20. Risks associated with the success of a single venture.
21. An existing business purchased from its owner.
22. Risks associated with the reputation and good standing of a venture.
23. When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed.

1. Maximum efficiency in representing information.
3. A proven business concept, an established brand, and all types of management support.
6. A team of talented, driven individuals led by a proven-effective business leader.
7. The ability to sustain prolonged physical or mental effort.
9. Risks associated due to government passing laws or regulations that could impact the ability to operate.
13. Every investor invests in people. Investors always evaluate the quality of the human capital in venture when they assess whether a business concept is doable.
15. The person or entity offering the sale of a franchise.
16. A situation involving exposure to danger.
17. Risks in a market sector that impact all competitors in that sector.
18. An innovation, service or feature intended to make a company or product attractive to customers.