test2 Flashcards
An internet phenomenon, where strangers learn about a business online and then decide weather or not to make an investment, crowdfunding investors are typically ‘fans” of an owner, but they do expect a return on investment.
Crowdfunding
The amount an insurance company makes a policyholder pay as of any claim.
Deductible
The commitment to get something done.
Determination
failure to repay a loan
Default
Distinguishing a product or service “different than anything else” attracting customers, generating sales, and serving as the foundation for a thriving business.
Differentiated offering
Money paid by a company to a person who owns stock in that company. Dividends are optional – many companies do not pay dividends. Dividends are typically paid every three months.
Dividend
a clear, concise and compelling way to describe a business or new business concept in 30 seconds; d differentiating vision to encourage potential investors or employees to learn more.
Elevator speech
open ended questions that prompt more than a “yes” or “no” answer.
Engaging questions
funds contribute by investors to a business. Investors contribute capital to a business because they expect a significant return on their investment when the business succeeds.
Equity (or capital)-
understanding how individuals and businesses earn money and what they spend money on
Fanatical literacy
the 12-month period a company uses to report financial results.
Fiscal year
costs that do not vary based on the unit sold by the enterprise.
Fixed costs
a computer portal offered by the Louisiana secretary of state that enables entrepreneurs to go to a single source to learn which forms they need to file, the forms required by the secretary of state, and to determine which other government agencies that may need to interact with.
Genaux biz portal
an individual self-commitment to overcome obstacles to achieve long-term goals. The ability to keep pursuing your dream despite challenges and defeats. Perseverance, resilience and backbone.
Grift
a credit-worthy individual or business with sufficient liquidly that promises to repay a loan in the event that the debtholder can’t make a required payment
Guarantor
a special account where individuals can deposit retirement funds that can grow tax-demand until they withdraw them after their retirement.
Individual retirement account (IRA)
debt owed to someone that is paid monthly.
Installment payment
the amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
Insurance claim
the individual or business that purchases an insurance policy for various types of protection.
Insurance policyholder
the amount a policyholder pays for an insurance policy.
Insurance premium
non-physical assets created by individuals or companies that hold the exclusive legal right to commercialize.
Intellectual property
the federal agency that collects federal taxes and performs audits.
Internal revenue service (IRS)
the merchandise that a company sells to customers.
Inventory
a legal decision requiring a person or company to pay another person or company.
Judgement
