Entreprenuership

Anonymous
34 words 55 learners

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Full list of words from this list:

words only definitions & notes
  1. market research
    research that gathers and analyzes information about the moving of good or services from producer to consumer
    •Perform market research to see where there is an unmet need -- geographically, pricewise, complementary products and services, etc.
  2. labor-intensive
    requiring a large expenditure of labor but not much capital
    The most obvious problem to this approach is that it's extremely labor-intensive and potentially expensive to even decide whether or not to go into business.
  3. front end
    the side that is forward or prominent
    Of course, that time spent on the front end reduces the risk of failure down the road.
  4. complementary
    serving to fill out, enhance, or supply what is lacking
    •Perform market research to see where there is an unmet need -- geographically, pricewise, complementary products and services, etc.
  5. unfulfilled
    of persons; marked by failure to realize full potentialities
    Even when you're the boss, you can still end up feeling stuck and unfulfilled.
  6. research
    a seeking for knowledge
    Generally speaking, the approach consists of researching the market, identifying a need, and creating a business to fill it.
  7. intensive
    characterized by a heightened level or degree
    The most obvious problem to this approach is that it's extremely labor-intensive and potentially expensive to even decide whether or not to go into business.
  8. assess
    estimate the nature, quality, ability or significance of
    •Do some more market research to assess the realistic market potential for your business.
  9. business
    the principal activity in one's life to earn money
    Generally speaking, the approach consists of researching the market, identifying a need, and creating a business to fill it.
  10. analyze
    break down into components or essential features
    •Analyze the competition.
  11. funding
    financial resources provided to make some project possible
    •Revise the business plan and determine your funding requirements.
  12. potentially
    with a possibility of becoming actual
    The most obvious problem to this approach is that it's extremely labor-intensive and potentially expensive to even decide whether or not to go into business.
  13. realistic
    aware or expressing awareness of things as they are
    •Do some more market research to assess the realistic market potential for your business.
  14. investor
    someone who commits capital to gain financial returns
    •If needed, seek out lenders or investors.
  15. requirement
    necessary activity
    •Revise the business plan and determine your funding requirements.
  16. preliminary
    preceding or in preparation for something more important
    •Develop a preliminary business plan for a business to meet that need.
  17. approach
    move towards
    The traditional approach to entrepreneurship is a methodical, scientific process.
  18. potential
    existing in possibility
    •Do some more market research to assess the realistic market potential for your business.
  19. expensive
    high in price or charging high prices
    The most obvious problem to this approach is that it's extremely labor-intensive and potentially expensive to even decide whether or not to go into business.
  20. traditional
    consisting of or derived from a practice of long standing
    The traditional approach to entrepreneurship is a methodical, scientific process.
  21. identify
    recognize as being
    Generally speaking, the approach consists of researching the market, identifying a need, and creating a business to fill it.
  22. reduce
    make smaller
    Of course, that time spent on the front end reduces the risk of failure down the road.
  23. industry
    the action of making of goods and services for sale
    More specifically, the steps of the process are:

    •Select the industry you're interested in working in.
  24. product
    an artifact that has been created by someone or some process
    •Perform market research to see where there is an unmet need -- geographically, pricewise, complementary products and services, etc.
  25. services
    performance of duties or provision of space and equipment helpful to others
    •Perform market research to see where there is an unmet need -- geographically, pricewise, complementary products and services, etc.
  26. fund
    a reserve of money set aside for some purpose
    •Revise the business plan and determine your funding requirements.
  27. risk
    a source of danger
    Of course, that time spent on the front end reduces the risk of failure down the road.
  28. consist
    have its essential character
    Generally speaking, the approach consists of researching the market, identifying a need, and creating a business to fill it.
  29. spend
    pass time in a specific way
    Of course, that time spent on the front end reduces the risk of failure down the road.
  30. service
    an act of help or assistance
    •Perform market research to see where there is an unmet need -- geographically, pricewise, complementary products and services, etc.
  31. money
    the most common medium of exchange
    The other problem is that you may very well end up realizing far too late that you're doing something you really don't want to be doing, just because you figured you could make some decent money at it.
  32. interest
    a sense of concern with and curiosity about something
    More specifically, the steps of the process are:

    •Select the industry you're interested in working in.
  33. people
    any group of human beings collectively
    Will people buy it?
  34. work
    activity directed toward making or doing something
    More specifically, the steps of the process are:

    •Select the industry you're interested in working in.
Created on Wed Jun 09 11:36:45 EDT 2010

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