Learning Module 2

Angel Investor

An individual who provides financial support to early-stage companies in exchange for ownership equity or convertible debt.

Corporation

A legal entity that is separate from its owners, providing limited liability to its shareholders.

Crowd Investing

A method of raising capital wherein a large number of individuals invest small amounts of money through an online platform.

Entrepreneur

An individual who initiates and operates a business, taking on financial risk to do so.

Entrepreneur Confidence

The belief an entrepreneur has about their ability to achieve business success.

Entrepreneurial Mindset

A specific state of mind that orients human conduct towards entrepreneurial activities and outcomes.

Entrepreneurial Orientation

The strategy-making processes and styles that provide the organization with a competitive edge.

Entrepreneurship

The pursuit of creating, organizing, and managing a new business to generate profit.

Intrapreneur

An employee within an organization who is tasked with developing an innovative project or product.

Limited Liability Company (LLC)

A flexible form of enterprise that blends elements of partnership and corporate structures providing limited liability to its owners.

Partnership

A business arrangement in which two or more individuals share ownership and the responsibilities of managing the business.

Patents

Legal rights granted for an invention, providing the patent holder exclusive rights to its use and commercial exploitation.

Self-Employment

The state of working for oneself rather than for an employer.

Social Entrepreneurship

A field that uses business methods to develop solutions to social, cultural, or environmental issues.

Sole Proprietor

An individual who owns an unincorporated business by themselves.

Standard of Living

The degree of wealth and material comfort available to a person or community.

Start-Up

A newly established business, often in the early stages of development.

Venture Capitalists (VCs)

Investors who provide capital to startups and small businesses with perceived long-term growth potential.

What does entrepreneurship generate around the globe?

Wealth and economic development, drives innovation, drives job creation, and improves standard of living.

What are the four sources from which business ideas come?

Passions, skills, and talents of the entrepreneur; a problem or frustration; an opportunity or need; a customer's complaint.

What occurs when a company allows another entity to use its brand name and materials in return for fees?

Franchising.

What do Business Plans help to do?

Set the direction of a new business.

What outline nine sequential building blocks of a business model?

Business Model Canvas.

What are the four fundamental legal structures entrepreneurs can use?

Sole Proprietorship, Partnership, Corporation, LLC.