The Economics
the study of how goods and services are produced, distributed, and consumed
What is Economics
building a company without any assistance
What is Bootstrapping
a loss that can be prevented
What is controllable Risk
Didn't your mom teach you right and wrong!!!!
What are Ethics
the amount of satisfaction received from the consumer
What is Economic Utility
there is a limited amount of resources available
What is Scarcity
expenses that occur only at start of the business
What are startup costs
a tornado destroys a football stadium
What is Uncontrollable Risk
Strong honesty and morality
What is Integrity
The value of having things that are easy to get
What is Possession Utility
decisions made by business and their effects
What is Economic impact
money given to start a company in return for part ownership
What is Venture Capital
Dollar Amount cannot be determined
Uninsurable Risk
Stuck in a pickle
What is Ethical Dilemma
That location was convenient
What is Place Utility
Holy shnikes batman, Avatar made 2 Billion dollars!!!!
What is Windfall Gain
a report predicting expenses incurred and revenues earned
What is a forecast
Speculative Risk
Your code of conduct
What are Principles
This thing works GREAT
What is Form Utility
an activity that makes money... increased liquidity
What is a revenue stream
company’s wealth in form of money or property
What is Capital
the preparation for an unexpected emergency
What is contingency planning
Behave and get presents, act up and get coal!!!
What is Character Development
24 hour Businesses
Time Utility