Painstorming Entrepreneurship just a “reversed brainstorming”, think about everyday problems first and reflect on possible business solutions

Resources Entrepreneurship In the context of Entrecomp, Resources is a term that encompasses personal resources (namely, self-awareness and self-efficacy, motivation and perseverance), material resources (for instance, production means and financial resources),or non-material resources (for instance, specific knowledge, skills and attitudes).

Riskiest Assumptions Firm Creation The main assumptions a business model is built upon. If they are not validated and they will prove wrong, this could cause a fatal failure of the business. Thus, in each business, they should be identified, tested and validated to avoid wasting resources on building “it” right before we make sure we’re building the right “it”.

Skills Entrepreneurship Skills are the ability to apply knowledge and use know-how to complete tasks and solve problems. They are described as cognitive (involving the use of logical, intuitive and creative thinking) or practical (involving manual dexterity and the use of methods, materials, tools and instruments).

Starbursting Entrepreneurship Starbursting constitutes a twist of brainstorming. The method encourages the participants to develop their creativity and their imagination, by generating questions rather than answers. More specifically, Starbusting places a star at the centre, where the product, service, or concept is located. From that point is starts to be expanded. Each of the six points of the star include a basic questions: who, what, where, why, when, and how.

SWOT Entrepreneurship a 2x2 matrix specifically designed for strategic decison making

Sales turnover Entrepreneurship Sales turnover is the total amount of revenue generated by a business during the calculation period. The concept is useful for tracking sales levels on a trend line through multiple measurement periods, in order to spot meaningful changes in activity levels. The calculation period is usually one year.

Visual metaphor Firm Creation is the representation of an idea, thing, person, etc. through the means of a visual image with a point of similarity.