Across
- 3. The hard work a small business owner puts into forming, founding and operating his/her business – small business owners typically work very long hours.
- 7. Fixed costs plus variable costs.
- 8. Open ended questions that prompts more than a "Yes" or "No" response.
- 10. A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.
- 13. Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
- 16. Units refer to the “things” the company sells.
- 17. gives the registering individual or company the sole right to benefit from a brand or image he/she created.
- 18. 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.
- 21. Costs that do not vary based on the units sold by enterprise.
- 27. Assets that are not already pledged as a guarantee to repay another loan
- 28. The individual or business that purchases an insurance policy for various types of protection (examples: fire insurance, life insurance, etc.)
- 30. An individual or company that owns shares in a company.
- 32. Shares of ownership in a company.
- 35. Debt owed to someone that is paid monthly.
- 36. 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.
- 38. All people or companies associated with an enterprise.
- 39. The exact customers and market sector the business intends to serve.
- 40. Units times price.
Down
- 1. The act of making a business different (and presumably more attractive to target customers) than any competitor.
- 2. 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.
- 4. The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
- 5. The 12 month period a company uses to report financial results.
- 6. gives the author the sole right to benefit economically from what he/she wrote.
- 9. Money paid by a company to a person who owns stock in that company.
- 11. The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
- 12. The amount a policyholder (either every quarter or year) pays for an insurance policy.
- 14. 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.
- 15. A company that provides a good or service to another company.
- 19. Understanding how individuals and businesses earn money and what they spend money on. Understanding important financial terms. Learning how to create a budget.
- 20. Treating stakeholders as the entrepreneur would hope others would treat him/her.
- 22. Companies that conduct business with another company, and that can document how well a company pays its bills to its suppliers.
- 23. Distinguishing a product or service "different than anything else," attracting customers, generating sales and serving as the foundation for a thriving business.
- 24. 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.
- 25. Costs that vary based on the units sold by your enterprise.
- 26. Non-physical assets created by individuals or companies that hold the exclusive legal right to commercialize. In each case the creator of the intellectual property has the right to benefit financially from his/her creation by selling the rights to (or “licensing”) their intellectual property to a third party.
- 29. An option a supplier might grant a company to pay their bills later than they normally would.
- 31. 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.
- 33. 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.
- 34. Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task.
- 37. gives the inventor the sole right to benefit commercially from his/her invention.