chapter 1
person who starts a new business
what is entrepreneur
something necessary for survival
what is need
taking on risks and responsibilities of starting a new business
what is entrepreneurship
spending plan for a period of time
what is budget
something you want to achieve in a specific time period
what is goal
costs involved in operating a business
what is expenses
ability you learn over time
what is skill
earnings you receive from sales
what is revenue
well defined goals that are created using a specific goal process
what is SMART goals
the four functions of business
what is production, management, marketing, finance