[ 2MID ] Entrepreneurship

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20 Terms

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Entrepreneurship

the act of turning an idea into a business

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Entrepreneur

a vision-driven individual who assumes significant personal and financial risks to start a business.

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Business Name

the legal name under which your business is registered for taxes and official purposes.

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Adam Fridman

According to him, the business name plays a monumental role in a brand’s recognition and perception, meaning it can make or break a company.

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Claro Ganac

She stated that “using puns is risky and probably best avoided.”

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Business Logo

  • a symbol or design used to identify a company or organization, as well as its products, services, employees, etc.

  • it’s how your company is recognized and remembered among others. It functions as the face of your business.

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Business Tagline

  • a brief phrase used to relay a brand’s value

  • tells consumers about the overall company without mentioning the product or service they may offer.

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Take control of your own destiny

Benefit 1

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Choose who to work with

Benefit 2

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Be your own boss

Benefit 3

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A flexible schedule

Benefit 4

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Making a difference to serve the society

Benefit 5

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Lead an exciting life

Benefit 6

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Meeting like-minded people

Benefit 7

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Leadership experience

Benefit 8

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Entreprende

The word “entrepreneur” comes from the French word __________

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To undertake

The meaning of Entreprende

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Joseph Schumpeter

He ascribed more lofty ideals to entrepreneurs when he differentiated them from ordinary businessmmen because they deliver innovation and technological change.

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Innovation

Changes in the methods of production and transportation, production of a new product, change in the industrial organization, opening up of a new market, discovering new sources of supply and other such changes.

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Creative Destruction

This means getting rid of an obsolete way in order to usher in a new way of doing business.