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Statewide MEC: Develop a Business Concept Part 3

Name: 
Date: 
Hr: 
Horizontales
An existing business purchased from its owner.
Funds contributed by owner.
A business created from scratch.
Risks associated with the reputation and good standing of a venture
An action plan for implementing to identify, prioritize and implement actions to reduce risks.
The person purchasing a franchise
Risks associated with the success of a single venture
Verticales
Risks associated with the geography in which a venture operates
Maximum efficiency in representing information.
Money owed to a Franchisor per contract agreement.
An innovation, service or feature intended to make a company or product attractive to customers.
The person or entity offering the sale of a franchise.
Risks associated with the financial standing / performance of a venture
When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed.
Risks in a market sector that impact all competitors in that sector
A proven business concept, an established brand, and all types of management support (accounting systems, personnel training, marketing campaigns, technology packages, etc.).