finance
budget
the amount of money a business plans on spending during a given period
collaboration
the action of working with one or more people toward a common goal
ceo
the chief executive officer (CEO) which holds a leadership role within the business, and oversees the business's operations and resources to make major decisions
trademark
a practice used to protect brand names, logos, and business names
critical thinking
using ones mind to solve a problem in the best way by considering various potential solutions to the problem
bootstrapping
a business owner that uses their own money to fund their business
partners
two or more individuals that share a businesses financial responsibility
cfo
the chief financial officers role is to oversee the company's finances in a leadership role
patent
a legal method used to protect an invention for a limited time
forward thinking mentality
thinking about and planning for the future
customer acquisition costs
the total cost of acquiring a new customer
angel investor
an investor who provides funding to a business for a stake in the business in return
coo
the chief operating officer holds a leadership role within a business and is responsible for overseeing the day-to-day administrative and operational functions of a business.
confidentiality agreement
a signed agreement stating that an entity will not disclose information agreed upon by all parties in an arrangement
resiliency
ones ability to adapt to change, loss, and disappointment
acquisition costs
cost incurred by a business
b2b
a business-to-business commercial transaction between businesses
employee
an individual hired by a company and compensated for their work
contract
an agreement between an employee and a company outlining obligations and terms of employment
opportunity recognition
the way one approaches new ideas and ventures in their life
income statement
a financial statement that details a business's revenue and expenses for a given period
b2c
a business-to-consumer transaction
owner
the individuals that own a business
copyright
a form or protection individuals can implement to protect their intellectual property. copyright is designated for print, music, film, and various other forms of creative licenses.
problem solving