Vocabulary 1
A person who starts a business or business venture to make a profit
What is entrepreneur?
Exchange of money for goods
What is Sales?
Doing business online
What is E-Commerce?
What you owe or what costs the business money, takes money out of your pocket
What is Liabilities?
Used to Identify people who are don't waste their time
What is a Watch?
Drawing attention to something in order to create sales
What is Advertising?
A person or business who provides a product or service
What is Supplier?
Something you own that brings you money
What is Assets?
A business sells to consumers as their target market
What is Business to Consumer? (B to C)
The amount needed to start to mark up my goods and services
What is 65%?
Anything you do to teach people about your business
What is Marketing?
Overhead or payments, costs incurred
What is Expense?
Money that comes into your business from sales
What is Revenue?
A business sells to other business as their target market
What is Business to Business? (B to B)
An Avatar that represents the kind of person I love to sell to
What is my perfect customer?
Revenue minus Liabilities
What is Income?
The value of all you own after you subtract liabilities
What is Networth?
The sum total of all the buyers and sellers in the area or region under consideration.
What is Market?
An organization that operates with the intention of making a profit
What is a Business?
The reason we eat lunch and drink plenty of water
What is brain food?
Process of establishing a mutually beneficial relationship with other business people and potential clients and/or customers.
What is Networking?
Any business where the primary office is located in the owner's home
What is a Home Based Business?
Revenue minus expenses when the revenue is more than expenses
What is Profit?
A business with a physical location
What is Brick and Mortar?
A meeting where you present your business to an investor in order to get them to give you money in exchange for giving them a part of your company, or money to grow your company
What is a Pitch Meeting?