I'm a BOSS
This person who organizes and operates a business or businesses
En·tre·pre·neur
/ˌäntrəprəˈnər,ˌäntrəprəˈno͝o(ə)r
Marquise owns a company that made 100 million dollars in revenue last year. He pays the finance department 15,000 monthly, and borrowed 250,000 to purchase a new office building plus a 5% interest fee. By the end of the year, what is actually Marquise's net worth?
$9,557,500
True or False
Creating a business idea, something that happens to someone repeatedly that is unpleasant or difficult is called a Pain Point.
True
The decision which an individual or a family is required to make, budget, save, and spend over time is know as:
A. Personal Business
B. Personal Income
C. Personal Finance
D. Personal Choice
C. Personal Finance
What is another name for a "consumer"
Customer or Client
What is the capacity and willingness to develop, organize, and manage a business idea called???
Entrepreneurship`
Learning the ____________ of money is important because you t be able to manage your own finances effectively.
Language
A person or organization that buys/uses goods or services.
A Consumer
Money is a _____________.
Tool
A ________ market is a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources to that particular group. .
Target Market
As a business owner, these are things you can learn and develop.
A skill
What is the term known as an obligation of repayment owed by one party(borrower) to a second party(creditor/lender) ?
what is debt?
As a business owner you need to be able to create a __________ that doesn't exist.
Need
Which money personality does not have any emotions toward money. They do not take the necessary time to develop their skills needed to solve their problems.
The Flyer
The likelihood of loss, knowing and not knowing the consequences or reduced in profit is called a what?
A Risk
Courage, creativity, Discipline, Empathy, Paitience, Responsibility, Flexibility.....
These are examples of personality traits that are inherent, naturally displayed.
These are examples of what?
Characteristics
You must do your own ____________ and take responsibility when it comes to learning about your finances, making smart money choices, or even starting a business.
Research
A ______________________ is a written document describing a company's core business activities, objectives, and how it plans to achieve its goals.
Business Plan
When it comes to managing money, success is about ______ % head knowledge and _____ % behavior.
20% Head Knowledge 80% Behavior
What is the name of the finance coach we are learning from?
Dave Ramsey
Majority of business owners (entrepreneurs) are classified in which one of the 5 money personalities?
Risk-Taker
What is fee paid by the borrower to the lender for the use of borrowed money called?
Interest
What is a value proposition?
Summarizes all the benefits a company gives to its customer
Name the five different money personalities
Saver, Spender, Security, Flyer, Risk-Taker
Feeling regret or concerned after making a large purchase is called :
Buyer's Remorce