Entrepreneurship Words for Young Minds
Entrepreneur
A person who notices opportunities or problems and works to create something useful.
Problem
Something that is not working well or needs to be solved.
Opportunity
A chance to make something better or create value.
Customer
A person who chooses, uses, or pays for a product or service.
Value
The useful benefit someone gets from an idea.
Uh-Oh
A problem or moment that makes you think, “This could work better.”
Friction
What makes a task harder, slower, confusing, repetitive, or frustrating.
Ah-Ha
A useful idea for solving a problem or reducing friction.
The Loop
Try, watch and test, learn and change, then try again.
Iteration
One version or one trip through The Loop.
Prototype
A simple early version made so you can learn.
Test
A planned way to see what happens when someone tries your idea.
Feedback
Information that helps you improve.
Pivot
A meaningful change in direction after learning something important.
Persistence
Continuing to work and learn when the first attempt does not succeed.
Innovation
A new or meaningfully better way to solve a problem or create value.
Empathy
Trying to understand what another person needs or experiences.
Team
People who combine different skills to work toward the same goal.