Entrepreneurship Vocabulary
It is a formal document that a job applicant creates to itemize their qualifications for a position.
Resume
Known for his "Eureka" moments, this inventor also founded a famous electric car company.
Elon Musk
The place where the products/services are exchanged for usually money, where transactions occur; exists both digitally and physically.
Market
Why did you join our session today?
(your answer)
It is a written document commonly submitted with a job application outlining the applicant's credentials and interest in the open position.
Cover Letter
a business that finds, buys and gathers products or services from multiple suppliers and sells them to consumers through various distribution channels with the goal of earning a profit.
Retailers
Income, especially when of a company or organization and of a substantial nature.
Revenue
This tech giant started in a dorm room and is now worth over a trillion dollars.
It is the level of production at which the costs of production equal the revenues for a product.
Break-Even Point
This person is essentially a middleman between a manufacturer and a retail establishment. They obtain large quantities of products at a lower price
Wholesalers
The unit based on which the product is normally sold. It varies by product and company but is typically smaller than secondary manufacturers.
Unit Of Sale
A rivalry between 2 parties
Competition
a quantifiable measure of performance over time for a specific objective
Key Performance Indicator (KPI)
His net worth is estimated to be at $192B
Jeff Bezos
A particular group of consumers at which a product or service is aimed.
Target Market
A useful or valuable thing, person, or quality; produces positive economic value.
Assets
The capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
Working Capital
How unhealthy is the average life of an entrepreneur?
Entrepreneurs are 50% more likely to report having a mental health condition.
A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Corporation
A document setting out a business's future objectives and strategies for achieving them.
Business Plan