5. What are the most significant legal issues entrepreneurs face? When looking into the Legal Issues section, the most significant issue I found was: C-Corps give up control to the board of directors & more complex to start. LLC pays more taxes than S-Corp Non-Profit cannot distribute dividends. S-Corp must […]
Daily Archives: June 21, 2022
15 posts
4. What is social entrepreneurship? Social entrepreneurship seeks to answer or respond to a pending social topic. The goal of anysuccessful business model is to always be over the red or have a healthy bottom line. Socialentrepreneurship brings in a vision that can respond to experimental impacts, social injustices,poverty, and […]
3. Why do we need budgets? Budgets are critical to creating a compass for where you want to go. When creating a budget, anindividual seeks to have a more significant analysis of where their capital is going and calculatehow much will be left over after their expenses are totaled. When […]
2. How does my budget relate to an entrepreneurship budget? When looking at an entrepreneurship budget and personal, you never want to be ‘in the red.’ Theterm ‘in the red’ describes when more capital is leaving your business than being received intoyour business. Similarly, when creating a personal budget, it […]
1. Why do ethics matter in entrepreneurship? A group’s standards determine Ethicality. Ethics are formed by the dominant characteristicsvalued in a group. Ethics is essential in entrepreneurship because it will determine how certaingroups view your product or services. We see a case of this in the Famous Coca-Colaccommercial. One Coca-Cola […]