- The memorandum of association is the documents filed with a government body (usually the state), which means the creation of a corporation.
- Bootstrapping is the creation and management of a company using only personal finance or operating income.
- Cost Per Thousand Impressions (CPM) is a marketing term that refers to the cost an advertiser pays for a thousand impressions of an ad on a web page.
- Home-based production is a small-scale production, often performed outside a person’s home.
- Restrictions apply to who is allowed to fund a new business and how much they are allowed to contribute.
- A company may conduct a feasibility study when considering launching a new business, adding a new product line, or acquiring a competitor.
- Love money is a slang term for funding that an entrepreneur receives directly from friends and family.
- Companies use market research to test the viability of a new product or service by communicating directly with a potential buyer.
- A mission statement is used by a company to explain in simple and concise terms the purpose(s) of its existence.
- Multilevel marketing is a legitimate business strategy used by some direct selling companies to sell products and services.