Starters for a business
A document that compares assets to liabilities plus owner’s equity.
What is a balance sheet?
The person who leads a company and oversees major decisions.
Who is the CEO?
Using one’s mind to analyze and evaluate options to solve problems.
What is critical thinking?
business that sells directly to a consumer.
What is business-to-consumer?
This is the money a person earns from working or investments.
: What is income?
A tangible item a business owns.
What is an asset
The person who oversees a company’s finances.
Who is the CFO?
An arrangement between an employee and company outlining employment terms.
What is an employment contract?
Statistical data describing groups within a population.
What are demographics?
This is the money a business spends to obtain something it needs.
What are acquisition costs?
The point where a business’s revenue matches its expenses.
What is the break-even point?
Two or more individuals who share financial responsibility in a business.
Who are partners?
Protection used for music, movies, art, and creative work.
A business transaction between two companies
What is business-to-business?
The total amount of money paid to bring a new customer to a business.
What is Customer acquisition cost?
When an entrepreneur evaluates whether a profitable business is possible.
What is a business opportunity?
An individual hired by a company and compensated for work.
What is an employee?
A fee paid to an employee for completing a task.
What is a commission?
Activities used by a business to keep existing customers.
What is customer retention?
This calculation shows how much money a startup is spending each month.
What is a burn rate?
A method of getting a product from the manufacturer to end users.
What is distribution?
This action involves an employee or entity agreeing not to share private company information.
What is a confidentiality agreement?
A document that addresses concept, customers, and capital for a business.
What is a business plan?
The level of familiarity people have with a brand.
What is brand recognition?
This person gives money to a new business in exchange for a share of ownership.
Who is an angel investor?