the ability to notice things that have been overlooked, without actually launching a formal search for opportunities
Entrepreneurial-Alertness
searching and capturing new ideas that lead to business opportunities
Opportunity-Recognition
valuable experience an owner gains by working for someone else.
Work-experience
the extent to which an idea is viable and realistic and the extent to which you are aware of internal and external forces that affect your business
Feasibility
To change products or services that already exist.
Adapt
Search for opportunities that arise when you get rid of something or stop doing something
Eliminate
A process producing an idea or opportunity that is novel and useful
Creativity
A legal agreement granting you rights to use a piece of intellectual property
License
The person or firm which is obtaining the rights to use intellectual property
Licensee
The person or organization offering the rights to use intellectual property
Licensor
A payment to a licensor based on the number of licensed items sold
Royalty