Chapter 4
Chapter 4
Ch 4 & 5
Chapter 5
Business Plan
100
A business that is owned (and usually operated) by one person
What is sole proprietorship
100
a person who owns a corporations stock
What is stockholder
100
An agreement between two or more groups to form a business entity in order to achieve a specific goal or to operate for a specific period of time
What is joint venture
100
Group of retired businesspeople who volunteer their services to small businesses through the SBA
What is SCORE
100
Statement that identifies your true purpose.
What is Mission Statement
200
A person who assumes full or shared responsibility for operating a business
What is general partner
200
A voluntary association of two or more persons to act as co-owners of a business for profit
What is parntership
200
A governmental agency that assists, counsels, and protects the interests of small businesses in the United States
What is Small Business Administration (SBA)
200
University-based groups that provide individual counseling and practical training to owners of small businesses
What is small-business development centers (SBDCs)
200
Section you write last in your business plan
What is Executive summary
300
the shares of ownership of a corporation
What is stock
300
A corporation that is taxed as though it were a partnership
What is S corporation
300
A carefully constructed guide for the person starting a business
What is business plan
300
A license to operate an individually owned business as though it were part of a chain of outlets or stores
What is franchise
300
Also Due at the end of this module...
What is Resume, cover letter, thank you letter!!!!
400
Legal concept that holds a business owner personally responsible for all the debts of the business
What is unlimited liability
400
A person who contributes capital to a business but has no management responsibility or liability for losses beyond the amount he or she invested in the partnership
What is limited partner
400
Money that is invested in small (and sometimes struggling) firms that have the potenetial to become very successful
What is venture capital
400
Money that is invested in small firms that have the potential to become very successful
What is venture capital
400
Who is my customer? Competition? Needs of my customer? Advantages I have over other companies/products?
What is Definition of Market
500
an artificial person created by law with most of the legal rights of a real person, including the rights to start and operate a business, to buy or sell property, to borrow money, to sue or be sued, and to enter into binding contracts
What is a corporation
500
A corporation in any state in which it does business except the one in which it is incorporated
What is foreign corporation.
500
A feature of corporate ownership that limits each owner's financial liability to the amount of money that he or she has paid for the corporation's stock
What is limited liability
500
An individual or organization granting a franchise
What is franchisor
500
July 30th
What is Final Due Date for Business Plan
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