Finance
The number of sales and other income in a business for a given period.
What is revenue?
The level of familiarity that one has with a brand.
What is brand recognition?
The group of customers a company chooses to market its products and services.
What is the target market?
The characteristic of being able to tackle goals with courage and perseverance.
What is grit?
An individual hired by a company and compensated for their work.
What is an employee?
The amount of money a business plans on spending during a given period.
What is budget?
How a business sells its products and services to the end customer.
What is a sales channel?
A form of communication between businesses and customers which relays a message promoting services and/or goods.
What is marketing?
A characteristic in which an individual acts to turn ideas into action.
What is Initiative?
A legal method used to protect an invention for a limited time.
What is a patent?
What is salary?
The amount of money charged for goods or services.
What is a price?
An individual or business that purchases goods and services from a business.
What is a customer?
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
What is Business Opportunity?
A local agency with information on participating local businesses.
What is a Chamber of Commerce?
A calculation used to determine how much an investment is making.
What is a Return on Investment (ROI)?
A method used to get a product from the manufacturer to the end-users.
What is a distribution channel?
Statistical data that refers to particular groups within a population.
What is demographics?
Using one's mind to solve a problem in the best way by considering various potential solutions to the problem.
What is critical thinking?
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting.
What is a pitch deck?
When a business owner uses their own money to fund their business.
What is bootstrapping?
The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
What is Product/Market Fit?
Activities or strategies employed by a business to retain existing customers.
What is customer retention?
One's ability to act to work toward achieving a goal.
What is Personal Agency?
A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation.
What is a C Corporation?