Sole Proprietorship, Partnership, or Corporation? -Ch. 4
Business Finance Terminology -Ch. 4
Form a Plan of Action -Ch. 5
New Business, Existing Business, or Franchise? -Ch. 4
100
What is important to you or the people who do the job; Responsibility, Relationships, Achievement, Recognition, & Compassion are examples
What is Values?
100
Business that is completely owned by one person.
What is a Sole Proprietorship?
100
Income from sales.
What is Revenue?
100
Term for a written course of action that will make your career goals a reality.
What is an individual career plan?
100
You get the most personal satisfaction from knowing you built the business yourself.
What is New Business?
200
Your physical and social surroundings at work.
What is Working environment?
200
Owned by people who buy shares in the company.
What is a Corporation?
200
Summarizes a business’s assets, liabilities, and the owner’s equity.
What is a Balance Sheet?
200
Term for short-, medium-, and long-term planning goals that help you reach your ultimate career goal in realistic stages.
What is Stepping-stone goals?
200
May be less profitable, because you pay a portion of your profits to the parent company.
What is a Franchise?
300
75 percent of all U.S. businesses are this, "The backbone of the US economy."
What is Sole Proprietorship?
300
Amount left over after operating expenses are subtracted from revenues or income.
What is Net Profit (or Net Loss)?
300
One of your first stepping-stone goals should be to get the education and training you will need to achieve this kind of goal.
What is Ultimate (Career) Goal?
300
You can save on start-up costs by taking advantage of the previous business' agreements.
What is Existing Business?
400
Match your natural talents with careers that require those same "skills."
What is Aptitudes and Abilities?
400
Business arrangement in which two or more people share ownership.
What is a Partnership?
400
Debts a business owner owes.
What is Liabilities?
400
Write your short-, medium-, and long-term goals in this kind of order. Clocks might agree.
What is Chronological (Order)?
400
When you buy this, you may benefit from its established reputation in the area.
What is Existing Business?
500
"What specific tasks do workers in this career perform?"
"Are the workdays repetitive or full of new experiences?"
These are questions you may ask about this characteristic.
What is Tasks and Responsibilities?
500
Control and profits are divided according to a formal, written agreement. The business dissolves without it.
What is a Partnership?
500
Summary of your business’s income and expenses during a specific period such as a month, a quarter, or a year.
What is an Income Statement?
500
Make sure to include the projected ____________ dates for your goals. Be as specific as possible.
What is "Starting and Ending (dates)?"
500
Established training and support services, advertising, and financing are advantages.