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6 Cards in this Set

  • Front
  • Back

Entrepreneur

An individual who has an idea for a business takes the financial risk of starting and managing a new business

Business plan

A detailed written document outlining the purpose and aims of a business which is often used to persuade lenders or investors to finance a business proposal

Revenue

The amount a business earns from the sale of its products

Business start-up

A newly formed business. They usually start small, but some might grow to become much bigger

Sole trader

A business that is owned and controlled by just one person who takes all of the risks and recieves all of the profits

Start-up capital

The finance needed when first setting up a business