Types Of Business
A method of business owned solely by one individual
What is Sole Proprietorship
A letter that introduces and explains an accompanying document or set of documents
What is a Cover Letter
Difference between the revenues earned by a business and the costs of operating the business
What is Profit
Work that is both foreign and cheap
What is Outsourced Labor
a independent contractor who earns wages on a per-job or per-task basis, typically for short-term work
What is a Freelancer
A form of business owned by two individuals
What is a Partnership
A brief explanation of why the writer of a business plan is asking for a loan and what they may plan to do with the money
What is a Statement of Purpose
The name, symbol, or design used to identify a product
What is a Brand
Similar to ethics, however far more personal
What is Morals
A short, quick witted, proposal. Often in business conventions to possible clients
What is a Elevator Pitch
A business that is legally its own individual
What is a Corporation
The way an entrepreneur intends to extract, or harvest, their money from a business after it is operating successfully
What is a Exit Strategy
Data that describes a group of people by age, marital status, gender, etc
What are Demographics
A problem of which the consciousness of the individual asked is the determining factor in the answer
What is a Ethical Dilemma
a business model where individuals build a career around the lifestyle they desire, focusing on their passions or hobbies, with the aim being personal satisfaction over profit
What is a Lifestyle Entrepreneur
The most common business type, however, most fail
What is a small business
A system for collecting, recording, and analyzing information about customers, products, and services
What is Market Research
A description of the person or company that is likely to buy your product or service
What is a Customer Profile
A problem revolving around trolley cars and determining the estimated risk a individual is willing to take to preserve life.
What is The Trolley Problem
A independent holder of wealth, not unlike a entrepreneur, that uses his coinage for generous funds
What is a Philanthropist
A business were members are not liable for company debt
What is a limited liability company
A legal agreement that gives an individual the rights to market a company’s products or services in a particular area
What is a franchise
Means through which goods and services are produced
What are Economic Resources
a trolley is hurtling down a track towards five people. You are on a bridge under which it will pass, and you can stop it by putting something very heavy in front of it. As it happens, there is a fat man next to you. Your only way to stop the trolley is to push him over the bridge and onto the track, killing him to save five. Should you proceed?
What is Yes
A entrepreneur that often forwards a very detailed business plan, with emphasis on a description of the product to be implemented
What is a Growth Potential Entrepreneur