Vocabulary REview 2

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Across
  1. 4. Distinguishing a product or service "different than anything else," attracting customers, generating sales and serving as the foundation for a thriving business.
  2. 6. An option a supplier might grant a company to pay their bills later than they normally would.
  3. 10. Open ended questions that prompts more than a "Yes" or "No" response. give entrepreneurs more information they can use to help them frame their differentiating offering and launch their business.
  4. 14. Understanding how individuals and businesses earn money and what they spend money on. Understanding important financial terms. Learning how to create a budget.
  5. 16. A clear, concise and compelling way to describe a business or new business concept in 30 seconds; a differentiating vision to encourage potential investors or employees to learn more.
  6. 18. A computer portal offered by the Louisiana Secretary of State that enables entrepreneurs to go to a single source to learn which forms they need to file, to file the forms required by the Secretary of State, and to determine which other government agencies they may need to interact with.
  7. 19. The act of making a business different (and presumably more attractive to target customers) than any competitor.
  8. 20. gives the inventor the sole right to benefit commercially from his/her invention.
  9. 22. Costs that do not vary based on the units sold by enterprise. often incurred at the start of the enterprise, before it is known how well the enterprise will perform.
  10. 23. The 12 month period a company uses to report financial results. It can be the same as a calendar year (January through December), or any other 12 month period that makes sense.
  11. 24. A credit-worthy individual or business with sufficient liquidity that promises to repay a loan in the event that the debtholder can't make a required payment.
  12. 25. The amount a policyholder (either every quarter or year) pays for an insurance policy.
Down
  1. 1. An individual’s self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
  2. 2. gives the author the sole right to benefit economically from what he/she wrote.
  3. 3. Money paid by a company to a person who owns stock in that company.
  4. 5. Commitment to get something done. Individuals with determination exhibit willpower to accomplish what they set out to do. Also called “tenacity.” Spirit, courage, willpower and single-mindedness describe determined individuals.
  5. 7. Funds contributed by investors to a business. Investors contribute capital to a business because they expect a significant return on their investment when the business succeeds.
  6. 8. The decision point at which an entrepreneur makes the final decision on whether or not to launch a new enterprise or abort the effort due to unfavorable market research or pro forma projections.
  7. 9. The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
  8. 11. The individual or business that purchases an insurance policy for various types of protection
  9. 12. Debt owed to someone that is paid monthly.
  10. 13. A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.
  11. 15. gives the registering individual or company the sole right to benefit from a brand or image he/she created.
  12. 17. Non-physical assets created by individuals or companies that hold the exclusive legal right to commercialize.
  13. 21. Treating stakeholders as the entrepreneur would hope others would treat him/her.