Definitions 1
valuables owed by an individual or business
Asset
Ella manages her own business
Entrepreneur
an estimate of income to use for a period of time.
Budget
Ash owes someone money or something of value
Liabilities
The finances for a new business to pay before it can open for business.
Start-Up Capital
Business that is owned by multiple entrepreneurs.
Corporation
A financial gain. Money Earned
Profit
Aaliyah has a map of her goals and how she going to get them.
Business Plan
Person who cannot pay of their debts
Bankruptcy
Max, Alex, Julia, and Lily all work/own one business
Partnership
A labour you give to someone in return for income
Service
Mikes creates a business using the demands in his local area
Entrepreneurship
Expenses and sales equal zero because the business sold enough
Break-Even Point
A fast description of your business, you use to explain it.
Business Pitch
A business that one person runs
Sole Proprietorship
Alex ask his sisters "What are the four P's of marketing?"
Product, Price, Place, and Promotion