Untitled Flashcards Set

Business Concept: Core idea, offerings, target customers, uniqueness, success plan

Business Contribution to Nation: Economic growth, job creation, community support, taxes, exports

Culture of Innovation: Creativity, risk-taking, teamwork, learning, new ideas

Feasibility Study: Viability assessment, market, technical, financial, legal, and operational to determine if a business idea is needed in the market

Market Research: Data collection, customer, competitor, trend analysis

Market Conditions: Market state, demand, competition, economic trends

Innovation: Product/service improvement

Business Idea: Concept, product/service, market need that is profitable, Sustainable packaging solutions

Personal Motivations for Starting a Business: Independence, passion, flexibility, problem-solving, creativity, legacy, growth, impact

Entrepreneurship: Risk-taking, innovation, opportunity creation

Business Opportunity: A profitable market need

Goal Setting: Clear objectives, direction, focus, progress tracking