Entrepreneur beginnings
Money used to kick-start your business
What is Start-Up Capital?
Somebody who buys products from other people and sells them
What are Retailers?
somebody who buys large quantities of something and sells them to a merchant
Who are Wholesalers?
The money made from a business
What is the profit?
People who create their own products
Who are Manufacturers?
A business that is customarily owned by people who own stocks of that business
What is a Corporation?
The targeted audience or demographic of customers who will buy your product or service.
What is target market?
the property of a business
What are Assets?
Advertising your service or product to people to encourage them to buy your product or spend their money on your service.
What is Marketing?
a business ran and/or possessed by more than one person.
A business that provides the same service or product as yours.
What is a Direct Competitor?
The personally set maximum of money spent on something
What is a Budget?
Product, price, place, promotion.
What are the four P's of marketing?
A brief overview of what service you can provide or what products you can provide at your business that you explain to customers at your business.
What is a Business Pitch?
A business that applies to the same demographic of customers as yours.
What is an Indirect competitor?
Do not change from month to month and are required to pay to keep your business running such as rent, insurance, etc.
What are Fixed Operating Expenses?