1.INTELLECTUAL PROPERTY (IP) - Legal rights over creations such as patents and trademarks. 2.NETWORKING - Building connections to grow your business opportunities. 3.PAIN POINT - A specific problem faced by potential customers that your product solves. 4.ELEVATOR PITCH - A concise and persuasive description of your business idea. 5.CROWDSOURCING - Obtaining ideas or services from a large group of people, typically online.
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