Entrepreneurship Glossary

An independent contractor is someone who is self-employed and gets contracted to a company or corporation to provide services.

Financial Reports are documents that disclose a company’s financial performance and information over specific periods.

Property tax is a financial value that an individual or other legal entity is required to pay on a property.

A business plan is a document that defines a company’s goals and how it will achieve them.

A startup is a company created by an entrepreneur to bring a unique product to market.

An employee is an individual hired to work for a company in exchange for financial compensation.

Bootstrapping is used to describe a company that is operated by an entrepreneur with his own personal funds.

Payroll is an agreed-upon amount of money that will be paid to an employee by an employer.

Product marketing is responsible for communicating all product benefits and details to the target audience and the general public.

Project Management is the application of knowledge and skills to help guide a project to completion.