Business Structures
A business in which two or more individuals share ownership and the responsibilities of running the business
A legal agreement between two companies to combine into a new entity
What is a Merger
The capacity to recover quickly from difficulties
What is Resilience
What is the importance of entrepreneurship
What is creates jobs and growth, solves problems in the world, and encourages self-reliance and adaptability
What is Fixed Costs
A business owned and operated for the benefit of those using it's services with profits shared among it's members
What is a Co-Op (Cooperative)
What is a Non Profit
The ability to think about the future with imagination or wisdom
What is Vision
What is Entrepreneurship
What is Variable Costs
What is an LLC
A business model where an individual or group is granted the right to use a company's brand and operating methods to market their products or services in a specific area
What is a Franchise
What is innovation
An individual who creates and manages a business taking on financial risks in hope of a profit.
What is an Entrepreneur
How can you effectively communicate your business idea
What is Concise, Confident, and Enthusiasm
A business owned and operated by one individual, with no legal distinction between the owner and business entity
What is Sole Proprietorship
A newly established business often in the early stages of development
What is a Start Up
What is Adaptability
The process of collecting and analyzing data about customers' competitors and the market
What is market research
Name 3 Funding Sources for a business
What is Personal Savings, Loans, Venture Capital, Angel Investors, Crowd-funding or Grants
A legal entity that is separate and distinct from it's owners, offering limited liability to it's shareholders
What is Acquisition
A clear statement that explains how your service is different from your competitors
What is UVP (Unique Value Proposition)
Why is networking important for entrepreneurs