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Entrep. 1
Term | Definition |
---|---|
Aptitude | Naturally ability to do something. |
Employees | A person employed for wages. |
Entrepreneurship | A person who organizes and operates a business, taking on greater than normal financial risks in order to do so. |
Self-assessment | Evaluation of oneself. |
Teen Entrepreneur | Teenager or person under twenty taking on a business. |
Business Plan | A document setting out a business's future objectives and strategies for achieving them. |
Sole-Proprietorship | A person who owns the business and is personally responsible for its debts. |
Partnership | a business owned and run by two or more partners. |
Corporation | A company or group of people authorized to act as a single entity (legally a person) 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, e.g., providing a broadcasting service or acting as an agent for a company's products. |
Buy existing business | Purchasing a business that is already formed. |
Family owned business | Business in which two or more family members are involved and the majority of ownership or control lies within a family. |