Entrepreneur
someone who run their own business
Business Plan
a goal and how to plan you achieve them and all detail
Liabilities
financial obligations that an individual or business owes to others, representing future outflows of money or other assets
Entrepreneurship
people who take the risk to open a business
Partnership
business owned by more than one person
Business Pitch
quick description of your business and how you explain your idea
Budget
income and expenditure for a set period of time
Break-Even Point
the point at which what one earns matches what one spends
Sole Proprietorship
business owned by one person
Working Capital
capital actively turned over in or available for use in the course of business activity
Bankruptcy
a federal legal proceeding that helps debtors with financial difficulties get relief
Assets
anything of value that an individual or business owns, including tangible items like cash and property, and intangible things like patents and trademarks
Corporation
business owned by multiple stockholders
Start-Up Capital
The finances required by a new business to pay
Service
the occupation or function of serving
Profit
the excess of returns over expenditure in a transaction or series of transactions