Set 1
Someone who willingly opens a business despite all the risks involved.
Entrepreneurship
Someone or something that acts as a drawback or disadvantage.
Liability
A set of money you are allowed to spend wisely (what goes in and what goes out)
Budget
The occupation or function of serving.
Service
To collaborate with another group (owned by two or more people.)
Partnership
A company or business that is made up of a group of people that are authorized to act as a single entity.
Corporation
A layout or enterprise for an organization
Business plan
To be in poverty/in debt
Bankruptcy
Sole Proprietorship
A quick description of your business and explanation of how it works.
Business Pitch
Net income, meaning the money you earn after all the costs of things such as bills are taken out.
Profit
When the money that someone earns matches their spending.
Break-Even Point
The property of someone, corporation, or estate applicable. (Or subject to the payment of debts)
Assets
Someone who manages, owns, takes risks, and orders the operations of an enterprise/business.
Entrepreneurship
The finances required by a new business to pay for essential fixed and current assets before it can open for business.
Start-Up Capital
The indulgence in the assets rather than the liabilities.
Working Capital