Business Concept Vocabulary #3

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Across
  1. 3. Funds contributed by owner.
  2. 5. An action plan for implementing to identify, prioritize and implement actions to reduce risks.
  3. 6. An innovation, service or feature intended to make a company or product attractive to customers.
  4. 7. A future event or circumstance that is possible that cannot be predicted with certainty.
  5. 9. Maximum efficiency in representing information.
  6. 12. A business created from scratch.
  7. 15. Risks in a market sector that impacts all competitors in that sector.
  8. 17. A proven business concept, an established brand, and all types of management support.
  9. 19. Risks associated due to government passing laws or regulations that could impact the ability to operate.
  10. 21. A new business launched by two existing businesses.
  11. 23. An existing business purchased from its owner.
Down
  1. 1. Risks associated with the geography in which a venture operates.
  2. 2. The quality or fact of being able to endure and continue with determination.
  3. 3. The person purchasing a franchise.
  4. 4. A team of talented, driven individuals led by a proven-effective business leader.
  5. 8. Risks associated with the reputation and good standing of a venture.
  6. 10. When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed.
  7. 11. Risks associated with the success of a single venture.
  8. 13. Every investor invests in people. Investors always evaluate the quality of the human capital in a venture when they assess whether a business concept is doable.
  9. 14. The person or entity offering the sale of a franchise.
  10. 16. Risks associated with the financial standing/performance of a venture.
  11. 18. A situation involving exposure to danger.
  12. 20. The ability to sustain prolonged physical or mental effort.
  13. 22. Money owed to a franchisor per contract agreement.