Budget
Savings
Liquid currency to be used in the case of large or unexpected purchases
Expenses
The cost of living(food water housing) or any outgoing currency
Ledger
Financial awareness
A basic sense of incoming vs outgoing cashflow
the latter of which should be minimized
Income statements(Revenues – Expenses = Net Income.)
Revenue
Incoming revenue from conducting business
Expenses
Outgoing currency as a result of doing business
Subtopic
Balance sheets(total assets = total liabilities + total equity.)
Assets
Objects that have a cash value
Liabilities
Unpaid expenses (other accounting branch)
Autocratic
No communication my way or the highway
Controlling
micro managing employees is sometimes necessary to stop them from slacking it does not earn good will
Democratic
The workers know what they need so they will vote for it
Mazlows motivators
Relatedness
Humans being social creatures socialize, take advantage of that
Growth
Humans are fueled by greed to have more and more and more which is why capitalism works status reflects that as people always want to be more important
Existance
We need food to survive need money for food need to work to get money
Organizing
Setting things on the right track
Planning
Setting goals to work towards as a community makes it so slacking will earn the ire of everyone
Laissez faire
Unregulated, fosters a good work environment intervention in the affairs of the workers is unnecessary as they will simply do their job
Labour
Somebody has to make the stuff
Land
You have to make stuff somewhere
Entrepreneurship
Capital
you need money to make the stuff to make money
Physical
Billboards Magazines Flyers
The marketing mix
Product
The thing you are selling and what sets it apart from others Good wine is not afraid of being sold in an alley
Price
Having a cheap alternative is always good for the consumer
Competition
The others who sell the product your main goal is to present an alternative to their product and make it as attractive as possible
Consumer
The people who buy the product
Promotion
Get your product into the public eye
Place
Get your store into the public eye
Goals of advertising
Remind
remind people your product exists
Inform
Inform people about your product
Persuade
Persuade people to choose your product
Digital
Online ads Tv ads Product placement
Innovation
Improving on an old thing to fill a need
Invention
Making a new thing to fill a need
Locus of control
Internal
You happen to stuff
The belief in destiny and fate to an extent
External
Stuff happens to you
Business ownership ( gonna keep it as why remove y'know)
Sole ownership
Loss and gain all on the owner
Franchise
the sale of a business model
Partnership
Loss and gain shared
Co-op
Business owned by many