Fill in the blanks Flashcards
___ essentially deals with the new
ideas for businesses and execution of these ideas at
commercial level by an individual.
Entrepreneurship
Expand ___ and ___ to maximize market coverage or ensure production control.
Horizontally; Vertically
___ is a lifelong endeavor. One never
quite masters the self. Opportunities
abound, however, every single day to
improve the self.
Self Mastery
___ focused on financial returns and market returns.
Profit
___ metrics revolves around 3 parameters.
Planet
___ is any act, idea or product that changes or transforms an existing domain into a new one.
Creativity
Sir ___ said that “Creativity is a process of having original ideas that have value.”
Ken Robinson
___ - Finding the PROBLEM or OBJECTIVE to solve.
Inspiration
___ - Generating several IDEAS.
Ideation
___ - Screening ideas & testing until a new SOLUTION is created.
Incubation
___ - Commercializing the new SOLUTION.
Implementation
A type of Barrier to Wealth Creation which means:
- A general rise in price level relative to available goods resulting in a substantial and continuing drop purchasing power in an economy over a period of time.
Inflation
A type of Barrier to Wealth Creation which means:
- The concept that money you have now is worth more in the future due to its potential earning capacity.
Time value of Money
A type of Barrier to Wealth Creation which means:
- Amount of money gained
from investment
Interest
A type of Barrier to Wealth Creation which means:
- An obligation usually in a series of payment, where an amount of money borrowed under the condition to be paid back at a later date and usually with interest.
Debt
