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Entrep 1

TermDefinition
Aptitude The natural ability to do something
Employees One who is employed for wages or a salary, especially at a non executive level
Entrepreneurship The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Self-assessment The evaluation of oneself or one's actions and attitudes, in particular, of one's performance at a job or learning task considered in relation to an objective standard.
Teen Entrepreneur A teen that takes a financial risk by setting up a business(s) in hope for profit
Business Plan A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them.
Sole- Proprietorship A type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business
Partnership An association of two or more people as partners.
Corporation A company or group of people authorized to act as a single entity and recognized as such in law.
Franchise An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities ( Buying a McDonald's)
Buy Existing Business A way of owning a business but skipping the process of starting one from scratch
Family Owned Business Where two or more family members run a business
Created by: 291621