Entrepreneurship
Setting up a business with the aim to make a profit
What is an Entrepreneurship
A single-page business summary template created by Ash Maurya
Wht is Lean Canvas
Both business are taxed twice
What is S-Corporation and Sole Proprietorship
Companies with as much as $35.5 million in sales and 1,500 employees
What is a Small Business Administration
A slide presentation for pootential investors that summarizes of the key items of a business.
What is Pitch Deck
Offers many of the same benefits as a C-Corporation, but better for samller businesses.
What is S-Corporation
One of the greatest benefits is having control over your schedule.
What is an Entrepreneur
A multi-page document describing and detailing a business
What is a Business Plan
The owner is personally responsible for business liabilities. No personal liability protection.
What is a Sole Proprietorship
One of the greatest risks of being an entrepreneur
What is financial instability?
10-20 slides
Highly Visual
Used to get the investors attention
What is the components of a Pitch Deck
Unlimited owners ( aka members) allowed. No shareholders, cannot got public.
What is Limited Liability Company (LLC)
Three ways to open a business
What is buy an existing business, buy a franchise, and start a new business from scratch.
Nature of the work copied amount and substantialiy of the portion taken
What is Fair Use Copyright Disputes
Taxed twice, business pays at the corporate level, and shareholder pay on income received.A separate tax return is required for the business.
What is a C-Corporation
Tenacious, adaptable, and responsible
What is the mindset of a Successful Entrepreneur
Information that has economic value because it is not generally known;has value to others who cannot legitimately obtain the information
What is Trade Secret
100 shareholders maximum allowed. All must be U.S. citizens or residents, and shareholders are not personally responsible for business liabilities
What is a S-Corporation
Existence, Survival of the Fittest, Success, Takeoff, Maturithy
What are the order of a Business Life Cycle Stages
Empathize, define, ideate, prototype, test
What is the Design Thinking Process
Can choose how to be taxed by filing form 8832, is not recognized globally; you may be taxed as a corporation in other countries.
What is a Limited Liability Company (LLC)
Chief Executive Officer, Chief Financial Officer, Chief Information Officer, Chief Operating Officer
What is the Business Leaders Title & Rank
Two documents that summarize the business plan of a company.
What is Lean Canvas andd Pitch Deck
Best if you need an easy set-up, still need a DBA or business licenses to operate legally, but no other paperwork is needed.
What is a Sole Proprietorship