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The process of starting a new business based upon target market
Entrepreneurship
Someone who starts and running a business
Entrepreneur
Is an overview of your business goal and what to achieve
Business Plan
Summary of your whole business
What is Business Pitch
Work that is done for a company or person
What is Service
Money that a person or company has left after expenses have been paid
What is Profit
Thing that are worth money to a company
What is Assets
A business owned by two or more people
What is Partnership
An estimate of income and expenditure for a set period of time
What is Budget
Anything that is owed to someone else
What is Liabilities
A business owned by one person
What is Sole Proprietorship
Operating that a business must pay regardless of how many sale are safe
What is Fixed Operating Expenses
An expense and sale equal zero because the business has sold ecstasy enough unit to cover it fixed expense
What is Break-Even Point
Business entity owned by stockholders and operate as a separate legal entity
What is Corporation
The finance required by a new business to pay for essential fixed and current asset before opening for business
What is Start-Up Capital
A condition under which a person or corporation is declared unable to pay debts
What is Bankruptcy