W1
Entrepreneurship
the ability and readiness to develop, organize and run a business
Business Plan
Your plan for your business before you open up
Partnership
owned by 2 or more people.
Service
to help and offer your customers to be helped
budget
a budget that you make for yourself on how much you spread, earn, and save so you don't go over board
Entrepreneur
someone who takes a risk and starts up a business
Business Pitch
a small summary of what your business offers so the people interested in your business won't read a very long paragraphs of words
Sole Proprietorship
the company is owned by one single person
Bankruptcy
Fixed Operating Expenses
a Fixed Operating Expenses is a cost of an product for a set of time
Employability Skills
skill that you use in every work office
Break-Even Point
the break-even point is the total cost and total revenue are equal
Indirect Competitor
an indirect competitor is a business that has a different service but give customers the same fill of happiness
Start-Up Capital
the money you spend to start up your business
Liabilities
Liabilities is something a person or a company owns to other person/company which is usually money
Assets
anything like time or money the might be important to you but not to someone else
Target Market
the persons you think are the most likely to buy your product
Direct Competitor
A business that offers a similar products or services to another business that is in the same market
Manufacturers
the factory that makes shoes or clothing that another company designed
profit
profit is something you gain since you get paid more for something than it cost you to make, get, or do it.