Roles and Compensation
Creates the company
What is a Founder?
considering all potential solutions by using ones mind to solve the problem
What is critical thinking?
No US taxes or ownership
What is a Non-profit?
Non-cash compensation
What is Equity?
Researching customers to find out their needs
Holds the leadership role and looks over a company.
What is a CEO?
imagining innovative solutions to problems and designs
What is creativity?
Used for international business even with being double taxed
Set rate of pay for hours worked
What is Hourly?
Analyze the information gathered to determine problem
What is Define?
Holds the role that oversees company finances
What is a CFO?
One's ability to adapt to change, loss or disappointment
What is resiliency?
Comes with unlimited liability, easy to create
What is a Proprietorship?
Usually found in the sales roles
What is commision?
Generating a wide potential of solutions
What is Ideate?
Oversees daily operations and administrative functions
What is a COO?
A willingness to attempted calculated decisions with different possible outcomes
What is a risk taker?
Prevents the company from double taxing with a lower tax rate
What is an S-Corporation?
What is a salary?
Creating tangible versions of your solution
What is the Prototype?
Has vested interests and focuses on the success of the company
What is a stakeholder?
being able to tackle goals with courage or preserverence
Idea for a single owner seeking low risk
What is an LLC?
The amount of money a business plans on spending in a period
What is a budget?
Trying out your prototypes with customers to see what works
What is testing?