Entrepreneurship: Creating Your Venture Vocab

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Across
  1. 2. An asset that is purchased in hopes of eventually receiving a return from it
  2. 7. Someone who puts a plan into action to achieve goals
  3. 9. A business that provides banking services for profit
  4. 10. When multiple people with different opinions reach an agreement
  5. 11. High risk investments that offer the possibility of above average returns.
  6. 12. When entrepreneurs see and opportunity and create a product to fit into the market.
  7. 14. A business organization that has low start-up costs, and lots of freedom
  8. 15. Someone who is like an entrepreneur, but works under a boss; what entrepreneurs start out as
  9. 17. Refers to sole proprietorship, which the owner's personal finances can be taken if the businesses needs it
  10. 18. A business where people can purchase shares, has limited liability, but is must expensive to organize
  11. 19. Provides financial services for its clients, including banks and credit unions.
  12. 23. A group of contacts that may be of help to a new business
  13. 24. A business organization that involves two people with equal share in a business,low start-up cost
Down
  1. 1. Something that has never been created before, and is a completely new to the market
  2. 3. Someone who takes risks to start their own business
  3. 4. A liability that only pertains to a investment, partners are not personally responsible
  4. 5. An opportunity to sell your product, there must be this for your product to sell
  5. 6. When entrepreneurs create a product, and then find a market to see in it
  6. 8. When an entrepreneur looks to benefit the community and contributes to the common good around them
  7. 13. How a Manager plans to organize their endeavor, includes important elements as to how the business will succeed
  8. 16. Someone who sets goals and sets out a plan to reach those goals
  9. 20. Union A non-profit co-operation that is controlled and owned by its members
  10. 21. An acronym which describes how you can analyze your business to explore its potential, and obstacles
  11. 22. A product that is not new, but has been improved on