Introduction to Entrepreneurship

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Key ideas of entrepreneuship

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Progressions :

Progressions What steps where?

Vision to Action: What is Missing here?:

Vision to Action: What is Missing here?

Basic Identity:

Basic Identity Business Name Phone Address Brochure Business Card? Website?

But Before that a Legal Structure:

But Before that a Legal Structure How to set up a 501c3? How to set up a sole Propriety Company? What is the Process in your country Tax Filing dates

Next Steps with Finances:

Next Steps with Finances Fixed vs Variable Costs Debt to get started? Borrowing from yourself

Financial Terms:

Financial Terms Assets. Cash, accounts receivable, inventory, land, buildings, vehicles, furniture, and other things the company owns are assets. Assets can usually be sold to somebody else. One definition is "anything with monetary value that a business owns." Liabilities. Debts, notes payable, accounts payable, amounts of money owed to be paid back. Capital (also called equity) . Ownership, stock, investment, retained earnings. Actually there's an iron-clad and never-broken rule of accounting: Assets = Liabilities + Capital. That means you can subtract liabilities from assets to calculate capital. Sales. Exchanging goods or services for money. Most people understand sales already. Technically, the sale happens when the goods or services are delivered, whether or not there is immediate payment. Profits (also called Income) . Sales minus cost of sales minus expenses.

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