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BusinessOperationsTM
key terms
Term | Definition |
---|---|
Entrepreneur | a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk; an employer of productive labor; contractor. |
Business Plan | a written description of your business's future, a document that tells what you plan to do and how you plan to do it |
Corporation | an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members. |
Sole-Proprietor | also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. |