The Business Idea

4. a license that allows a business exclusive rights to innovative devices, methods and processes
8. is a good or service that is not being met by any business
10. area on which a business can trade services and goods which can include overseas customers
13. non-negotiable payment made to the government
14. wanting to be in control of any decision and action
15. is the revenue left over once all expenses are deducted

1. are the creation and improvement of tools that address issues and improve procedures.
2. to fund a desired lifestyle without wanting to rely on an individuals income
3. creating new ideas or improves on a past good or service
5. Researching potential costs of running a business and seeing if the customers can support the business
6. an investigation done by a business to analyse the behaviours of customers and competitors
7. the process of establishing a business to satisfy a need in the market whilst taking on the associated risks.
9. goals which set out to aid the community, the environment and the welfare of employees
11. understanding the legal requirements of running their business and how to continuing to comply to with those regulations
12. certain objectives the business wants to be done in a specific timeframe