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

2. Where It All Begins
A Need
An Idea

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

4. 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.

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

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

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

8. Terms You Need To Know: Marketing
To promote your business

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

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

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

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

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

14. Young Entrepreneur
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