Costs
A fixed payment amount provided to a full-time employee.
Salary
An individual who aspires to start and run a successful business.
An Entrepreneur
What is a written plan that outlines a company's marketing strategies?
Marketing plan
Thinking about and planning for the future.
Forward thinking mentality
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
Business oportunity
A signed agreement stating that an entity will not disclose information agreed upon by all parties in an agreement.
Confidentially Agreement
The individuals that own the business
A Owner
What is a one-page document discussing key information commonly seen in a business plan?
Lean canvas
Using one's name mind to solve a problem in the best way by considering various potential solutions to the problem.
Critical Thinking
A new idea, product, or method.
Innovation
A payment amount provided to employees for the numbers of hours they worked.
Hourly pay
Two or more individuals that share a business' financial responsibility.
Partners
What is a form of communication between businesses and customers which relays a message promoting services and/or goods?
Marketing
The way one approaches new ideas and ventures in their life.
Opportunity recognition
A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions, and credits through its shareholders.
S Corporation
Non-cash compensations offered to employees in place of or in addition to a lower salary.
Equity
A person or entity willing to provide monetary funds to a business with hopes of earning a return on their money.
Investor
What is a legal method used to protect an invention for a limited time?
Patent
Believing that one can accomplish anything with hard work.
Growth mindset
A type of business that has no owner and does not pay federal U.S. taxes
Non-profit
A fee paid to an employee for completing a task.
Comission
The person that developed or created a company or organization.
Founder
What is a presentation given to potential investors to provide a brief overview of the business plan to earn another meeting?
Pitch Deck
The level of familiarity one has with a brand.
Brand recognition
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.
Small business