S1 Young Entrepreneurs

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Last updated 12:10 AM on 6/26/25
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15 Terms

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characteristics of an entrepreneur

risk taking, innovative, hard working

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vision statement

where the company sees itself in 5+ years

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mission statement

the goal of the business

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4 p's of marketing

price promotion place product

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financing

bootstrapping, business angel, bank loan, crowdfunding

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SWOT

strengths, weaknesses, opportunities, threats

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What is a SWOT analysis

a business forecasting tool

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SMART goal

setting realistic objectives

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what does SMART stand for

specific, measurable, attainable, relevant, time-bound

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types of businesses

partnership, sole trader, company

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why is partnership less risky

less financial risk

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tangible

physical product

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intangible

a service

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stakeholder

customers,suppliers,employees,government etc

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shareholders

people who own a part of the company

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