Category 1
What does Entrepreneurship mean?
the process of starting a new business based upon the opportunities and needs of your target market or local area.
What is Partnership?
a business owned by two or more people
Manufactures
make (something) on a large scale using machinery.
Retailers
a person or business that sells things directly to customers for their own use
Someone who starts and runs their own business
Entrepreneur
What does Corporation mean?
Business entity that is usually owned by multiple stockholders and operates as a separate legal entity
the initial money required to launch a new business, covering expenses before it generates steady revenue
Start-Up Capital
Assets
a valuable person or thing
What is a Business Plan?
an overview of your business goals and includes details on how you think your going to achieve them
Give me an example of being an Entrepreneur
Ex:-Starting a coffee shop business your the owner
anything that has to do with owning or creating.
a condition under which a person or corporation is declared unable to pay debts
Bankruptcy
the state of being legally responsible for something the state of being liable for something
liability
a quick description of your business that you use it to explain
Business Pitch
What is a Service?
Something that your doing for something else also known as labor ex: such as working for the grocery store or the opposite of a good.
Fixed Operating Expenses
operating expenses that a business must pay regardless of how many sales are made.
Profit
money that is made in a business, through investing
Why do Entrepreneur takes risks?
to turn innovative ideas into reality, achieve high rewards, and drive growth
When one person owns a business and makes all the decisions
Sole Proprietorship
Break-Even Point
when a business sales equals zero
money that is available for use while running a business
Working Capital