Entrepreneurship - The process of starting and running your own business., Business Plan - A written outline of goals, target market, and strategy for a new business., SWOT Analysis - A tool to identify Strengths, Weaknesses, Opportunities, and Threats., Target Market - The specific group of customers a business wants to reach., Leadership - Guiding and motivating a team toward a common goal., Marketing - Promoting products or services to attract customers., Customer Service - Interacting with customers to meet their needs and build loyalty., Profit - The money a business earns after expenses are paid., Revenue - The total amount of money a business earns before expenses., Expense - The cost of goods or services used to operate a business., Accounting - Recording, analyzing, and reporting a business’s financial information., Asset - Anything of value owned by a business., Liability - Something a business owes to others, like loans or bills., Balance Sheet - A financial statement showing assets, liabilities, and equity., Income Statement - A report showing revenue, expenses, and profit for a period of time., Equity - The owner’s value in a business after debts are subtracted., Budget - A plan for how money will be earned and spent., Payroll - The process of paying employees and keeping related records., ROI (Return on Investment) - A measure of how much profit is made from an investment., Bookkeeping - The daily recording of financial transactions.,
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