Getting Started
The beginning of a business venture.
What is an Idea?
A person who makes purchases from a business
Consumer
Required by banks in order to borrow money for business start ups.
What is a business plan?
Ways that people get the word out or promote their good or service?
What is Marketing?
Success in your business
What does a business model (plan) prepare you for?
A person who owns their own business(s).
What is an Entrepreneur?
People you want to purchase from you.
Who are your target audience?
Money needed to start a business.
What is Capital?
The way a business advertises their product.
What is Promotion?
Answers crucial questions about why an entrepreneur's product is different, the market, the supplies needed, earning money, and plans to make a profit.
What is a business model (plan)?
Name of the person or business that owns a company.
What is a business (company) name?
What is purchased from a business.
What are goods and services?
A business that is owned and operated by ONE person.
What is a Proprietorship?
Where you locate your product for sale.
What is Placement?
Your product differs from other products because of this.
What is Competitive Advantage?
When contemplating starting a business people look for answers to problems.
What are Solutions?
Money left over after expenses in a business.
What is profit?
Business structure that includes several partners that share responsibility.
What is a LLP or Licensed Limited Partnership?
How you enclose or product a product for sale
What is Packaging?
What is a Distribution Channel?
An account to deposit money earned from business operations.
What is a business account?
Required by most states in order to operate a business
What is a business license?
A business that offers protection from an owner losing their personal property if sued.
What is a LLC (Licensed Limited Corporation)?
The amount associated to acquire a good or service.
What is Price?
The items needed to make your product.
What are resources?