Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
Opportunity Recognition: This ......... period is quite literally the 'pre-start' analysis; it often occurs over a considerable period of time ranging from one month to ten years.
A -
degustation
B -
digression
C -
generation
D -
gestation
2-
Opportunity Focusing: This is a 'sanity check', a go/no-go stage gate for part-time entrepreneurs because it ......... out shaky ideas and exposes gaping holes.
A -
fades
B -
fixes
C -
fleshes
D -
forms
3-
It is important to include objective, ......... viewpoints because different people can investigate the same opportunity and come to opposite conclusions.
A -
exterior
B -
extraneous
C -
outer
D -
outside
4-
Commitment of Resources: Most entrepreneurs see commitment as incorporating their business or quitting their ......... job.
A -
day
B -
good
C -
only
D -
real
5-
But this stage actually starts with developing the business plan; the process will take between 200 to 300 hours, so squeezing that amount of time ......... evenings and weekends can make this stage stretch over three to twelve months.
A -
into
B -
out of
C -
over
D -
through
6-
Market Entry: The entrepreneur is committed with a very simple organization, the resources were correctly ......... according to the business plan, and the first sales were made.
A -
allocated
B -
disbursed
C -
reimbursed
D -
relocated
7-
If the business model was profitable, reasonable objectives were met, and the venture is on track for attaining true economic health, then the entrepreneur can chose between a capital ......... for growth or remaining small with self-financing.
A -
infusion
B -
insertion
C -
insurgence
D -
intrusion
8-
Full Launch and Growth: Or the venture could remain small, for the simple fact that not all small ventures can or will become big companies; they are not fast growth potential because there is not enough room in the market for growth or their production and management systems are not ..........
A -
feasible
B -
forcible
C -
saleable
D -
scalable
9-
Maturity and Expansion: Now the venture is a market leader at cruising altitude; this professional management team is implementing the venture's growth strategy through global expansion, acquisitions, and mergers as cash is plentiful and inefficiencies are completely ......... out.
A -
flushed
B -
rinsed
C -
washed
D -
wrung
10-
Liquidity Event: This ......... stage is focused on capturing the value created in the previous stages through a business exit; typical exits are an initial public offering or being acquired by a larger publicly traded corporation.