Money
Something of value. Anything owned is an asset.
Assets
gives the registering individual or company sole right to benefit from a brand or image he/ she created.
Trademark
unit price minus the cost of goods sold
Contribution Margin
A special type of corporation where individual owners ( or "members") are taxed on the profits of the company.
Limited Liability Corporation (LLC)
Partnership
Funds lend to a business with an agreement that the business will repay the lender with interest.
Credit ( or Debit)
Required forms that a company must complete and submit to the appropriate government agency
Legal Fillings
Revenues minus costs
Profit
shares of ownership ina company
Stocks
working with others to address a challenge
Teamwork
Cash, publicly traded stocks, government bonds, or corporate bonds can be quickly turned into cash.
Cash Intruments
gives the author the sole right to benefit economically from what he/ she wrote
Units times price.
Total Revenue
an individual or company that owns shares in a company.
Shareholder
Relationships and resources that help individuals succeed.
Personal Support Systems
Total Revenues minus totaly cost minus one-time expenditures.
Cash flow
gives the inventor the sole right to benefit commercially from his/ her invention
Patent
unit price minus cost of goods sold
Profit per unit
Sole Propriertorship
the ability to find solutions to difficult or complex issues
Investment security that includes many different stocks purchased and held together
Mutual fund
Non-physical assets are created by individuals or companies that hold the exclusive legal right to commercialize.
Intellectual Property
Fixed costs plus variable cost
Total Costs
all people or companies associated with an enterprise
Stakeholders
treating stakeholders as the entrepreneur would hope others would treat him/ her