WORDSDEFINITION SENTENCE PICTUREEntrepreneurSomeone who organizes/runs a business.When I get older, I want to become an entrepreneurand start my own family business.Start-up Costare the expenses involved in going into business.The start-up costof goinginto a business would be very high, because of the equipment I will need. Leaseis a contract used for a specifiedperiod of time. My auntie recently closedthe leasefor her house since she moved off island. Goodwillloyalty of existing customers.Although my auntie sold her business, her goodwill customers still buy her product.Market Outlookpotential for future sales, may have changed. I hope the market outlookhelps me in the future with good sells.Franchiseis the legal right to sell a company’s goods and service in a particular area. My auntie and uncle made a franchisewith stores such as payless, and they sold their homemade popcorn.