Unit 4 business - Entrepreneur take majority a startup...

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- Entrepreneur - the person who organizes 1 Manges a buisness and take a majority of the risk - startup - a business when it first begins - getting investments - bank loans , find an investor ( venture capitalists ) , self fund , sell stock , Crowd sourcing ( see if the public Is willing to invest in you ) - sex : Kick starter - Small buisness incubators - a place where small buisnesses share the Same space - start up expenses - the money you need to buy things for your starting business - Inventory - extra things to sell - Advertising - you need advertisement ( Know who your customers are - Record Keeping - who's going to keep records ? ( accountants and attorneys ) - LLC ( limited liability company ) - separates a buisness Owners assets legally from the actual buisness - Sole proprietorship - a buisness owned by one person - you are the boss , you get the money , complete creative control - you don't share the risk , its hard to expand the company , time consuming , you barely get profit the first rew years - Partnership - a buishess owned by two or more people - share the risk , people to share responsibilities with , you can specialize - harder to make decisions , - Limited partnership - not all partners are equal the silent partner puts up money but does not make buisness decisions / separates you from your buisness - Joint venture - a temporary partnership for a specific task ( usually real estate ) - Corporation - a business organization owned by
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