An entrepreneurial mindset is a set of ______, skills, and behaviors that allow people to identify opportunities and ________ challeges.

attitudes & overcome

entrepreneurs see _____ as opportunities

problems

A______ opportunity is a need, want, or problem, that can be satisfied by creating a product or service.

business

The process of spotting customers unmet needs in the marketplace is called

opportunity recognition

NFTE identifies key entrepreneurial mindset domains such as 

INITIATIVE, CREATIVITY, CRITICAL THINKING, FLEXABILITY, AND COMMUNICATION

the ability to recover from setbacks, adapt to change, and keep going in the face of adversity is called

resilience

when entrepreneurs generate new and valuable ideas they are using

creativity

a critical thinker can

analyze situations, weigh options, and make sound decisions

communicaion

is the act of preseting ideas clearly and effectivly to others.

A successful entrepreneur looks for gaps in the _____, which means areas where customers ____ are not being met.

THE MARKET, NEEDS.

prototype

a possible solution to a problem that can be tested and improved

entrepreneurs use what process?

IDEATE

I stands for

identify

D stands for

define

E stands for

Explore

A stands for

apply

T stands for 

test

LAST E stands for

evaluate

evaluation is?

the stage where an idea is refined and improved before going to market 

testing ideas with real customers allows entrepreneurs to

collect feedback

the ideate proccess

help entrerpreneurs move from an idea to a workable solution.

to solve problems effectively, entrepreneurs need to both think creatively AND

act critically

three main types of opprtunities are

inventions, imprvements, and inovation.

invention opportunities involve

making an existing product or service better

Entrepreneurs must understand their_____——— to know who will buy their product or service.

target market

prototype is

a visual tool like a sketch or model that shows how an idea might work in real life.

the cycle of entrepreneurships include iden