Section 1
These people help to create jobs by hiring people to work for them.
What are entrepreneurs?
The money a business brings in.
What is revenue?
The chance of losing money or facing stress when making a new business.
What is risk?
These are the total compensation for an employee.
What are salary plus benefits?
What is unstable income?
These people circulate money in local economies by running businesses
What are entrepreneurs?
Funds that must be repaid with interest
What are loans?
Doing this includes buying the rights to an existing brand.
What is franchising?
Free money to help start a business
What are grants?
You can calculate this by doing revenue minus expenditures.
What is profit?
There are many rewards to being an entrepreneur such as.
What are profit, independence, or legacy?
High upfront fees and limited creative freedom within the business are a risk of what kind of entrepreneurship
What is franchising?
Characteristics of a partnership include
What are shared responsibility, split profits, and joint liability?
Entrepreneurs earn their income through this.
What are profits?
A federal resource for entrepreneurs
What is the Small Business Administration?
A type of worker that collects multiple short term jobs... kind of like side quests. An uber driver would be one of these
What are independent contractors?
The point in which the business expenses are equal to revenue
What is the break even point?