Entrepreneurship 1
organizing a business
entrepreneurship
A business only owned by one person
Sole Proprietorship
A plan for your money
Budget
Someone who starts a business
entrepreneur
A plan for your business (you goals, how you are going to reach your goal)
Business plan
A business entity owned by multiple stockholders and operates as a separate legal entity
Corporation
Money you earn
Profit
Legal debt realize given to struggling businesses
Bankruptcy
A description of your business you tell investors and customers
Business pitch
Things you own that can be sold for money
Assets
what do these jobs provide, lawn mower, hair dresser, teacher
Service
when one spends as much as they earn
Break- even point
A business owned by more than 1 person
Partnership
things you own someone
Liabilities
A the finances required for a new business to pay for the essentials to start running their business
Start up capital
The financial health of the company
Working capital