Understanding the Free Enterprise System

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Presentation transcript:

Understanding the Free Enterprise System Starting a Business Understanding the Free Enterprise System

Where It All Begins A Need An Idea

Terms You Need To Know: Business Plan A statement or document stating the purpose of the business and how you will accomplish those purposes.

Terms You Need To Know: Market Survey 1. Used to find out if there is a need or interest in a company’s product or service.

Terms You Need To Know: Market Survey Learn how to market it.

Terms You Need To Know: Market Survey Who will buy it

Terms You Need To Know: Market Survey How much to charge

Terms You Need To Know: Marketing To promote your business

Terms You Need To Know: Advertising Ways of promoting a business through various media

Terms You Need To Know: Capital Money or Goods needed to start and run a business

Terms You Need To Know: Business License Permission from the Government to operate a business

Terms You Need To Know: Business Loan To borrow money for business purposes.

Terms You Need To Know: Venture Capitalist Someone who invests in your business for a share of the profits.

Young Entrepreneur http://money.cnn.com/2016/05/10/technology/recmed-taylor-rosenthal- techcrunch-disrupt/index.html?iid=ob_homepage_tech_pool