Here are the suggested words for the blanks based on the context provided:
- Risk tolerance is the amount of loss one is willing to take when making an investment decision.
- Having a growth mindset means believing that one can accomplish anything through hard work.
- An example of an external risk is a natural disaster.
- A business opportunity is an agreement that lets a buyer start a business.
- A license needs to be obtained to use a brand name on products.
- The five factors that determine the viability of a business opportunity are market demand, relationships, cash flow management, management skillsets, and passion.
- A business plan helps a business achieve short-term and long-term goals.
- A lean canvas should only be one page long.
- The executive summary creates the first impression of a business plan.
- The financial plan should specifically be directed to investors and lenders.
- A pitch deck is most commonly presented in the form of a PowerPoint presentation.
- A company overview and value proposition provides a brief overview of a business where one talks about the company's mission and the value provided to customers.
- A patent protects an invention from being copied.
- Trade secrets protect a company's formulas from being shared with competitors.
- To license a product, one must obtain permission from the author or creator.
- Confidentiality or non-disclosure agreements are signed by employees, agreeing not to share trade secrets.