Business
In this type of business structure, owners have unlimited liability and report income on their personal tax return.
Sole Proprietor
Regional Enterprise Network
Valley REN
What is the threshold for entrepreneurs need to make before they start paying government taxes
$500
Who are 3 of the 5 nominees for New Business of the Year in the Annapolis Valley
Taco Centric, Nordic Spa, Nova Spray, Raging Crow, Dals counter take-away
This term describes a company’s overall plan for promoting and selling its products, including pricing, advertising, and distribution.
Marketing plan or strategy
What is the name of the online tool that helps entrepreneurs identify license and permits they need to start a business in Nova Scotia
BizPal
Atlantic Canada Opportunities Agency
What does SWOT stand for?
Strengths, Weaknesses, Opportunity, Threat
What fun business have we chatted about that makes a lot of money for little risk low costs.
Dog daycare
This term refers to the specific group of consumers a business aims to reach with its products or services.
Target market
What is the name of the Nova Scotia registry where businesses must register their name before operatiing legally in the province
Chief Executive Officer
CEO
This term refers to creations of the mind,like inventions, designs, and brand names, that businesses can legally protect through patents, trademarks, or copyrights.
Intellecutual Property
This type of business allows individuals to operate under an established brand name and business system in exchange for fees or royalties.
Franchise
What makes the business standout
Unique selling proposition
This term describes the legal process a business enters when it cannot pay its debts and seeks protection from creditors.
Bankruptcy
This acronym describes transactions between two businesses rather than between a business and a consumer.
B2B
What are three emerging trends in Canada today.
Clean Energy, AI, Health and Wellness, digital services, remote work, green consulting, social enterprise, inclusive entrepreneurship, 2sLGBTQ Entrepreneurs, Military, women in business
This model charges customers a recurring fee, monthly or annually, for continued access to a product or service, like Netflix or Spotify.
Subscription model
This visual tool uses nine building blocks, like value proposition, customer segments, and revenue streams, to map out how a business creates and delivers value.
business canvas
This type of business structure is a separate legal entity from its owners, offers limited liability, and pays corporate taxes.
This acronym refers to a financial statement summarizing revenues, costs, and expenses.
P&L
What are at least two ways you research trends in business?
Key reports, industry events, market dynamics, validating assumptions, market testing, networks, etc.
This term refers to a small business or income-generating activity that someone runs alongside their main job, often to earn extra money or explore a passion.
Side Hustle
This detailed document outlines a company’s goals, strategies, financial projections, and operational plans, often used to secure funding or guide growth.
Business Plan