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Bizeebee Business Basics
Hello again, from YouthBiz.Biz, the premier youth entrepreneurship and business training program designed for elementary and middle school students. Our program, named 'Millionaires in Training (MiT),' offers free access to basic business concepts, interactive gaming experiences, business plan documents, resources downloads, and links to social media videos about business. Additionally, the website introduces copies (for purchase) of children's books with basic business themes for early readers and young learners. The standout feature of the program is its free resources and embedded gaming simulations that allow future entrepreneurs to practice decision-making in a fun and engaging way.
SCROLL DOWN AND HOVER OVER EACH LETTER TO SEE BASIC BUSINESS TERMS
A
A: Accounting is keeping track of money earned and spent in your business.
Accounting
B
B: Business is selling products, goods, or services to earn money. Your new business is called a start-up.
Business
C
C: Capital is money or resources used to start, grow, or fund a business.
Capital
D
D: Demand is how popular a product or service is and how much people want to buy it.
Demand
E
E: Entrepreneurs are people who start and run businesses.
Entrepreneur
F
F: Franchises are copycat businesses that have permission to operate like the original.
Franchise
I
I: Income is money earned from working a job or running a business.
Income
J
J: Job or employment are work that is done for a company in exchange for pay.
Job
K
K: Kickoff is an initial meeting or event at the start of a new project or business venture.
Kickoff
G
G: Goods are things that people buy or sell.
Goods
H
H: Hire means to give someone a job and pay them in exchange for their work.
Hire
Q
Q: Quality is how good or well-made something is compared to similar products or services.
Quality
O
O: Offices are business locations where work is done.
Office
P
P: Profit is money made in business after paying costs.
Profit
N
N: Net is the final amount left after all other expenses are paid. (ex. Net profit)
Net
M
M: Money or currency are dollars and cents used to buy things people need or want.
Money
L
L: Loans are funds an individual or business borrows and promises to pay back.
Loan
T
T: Taxes are required payments to the government - to help fund public services.
Taxes
S
S: Sales represent products, goods, or services sold for money.
Sales
V
V: Value in business means what something is worth and what someone is willing to pay for it.
Value
R
R: Revenue is the total amount of money a business earns from its operations.
Revenue
U
U: Upsell is suggesting more or better products to customers to increase sales..
Upsell
W
W: Wages are the money paid to someone for doing a job.
Wages
X
X: X-Factor is a special quality in an individual that makes them stand out from others.
X-Factor
Y
Y: Yield is the amount earned or generated from a business investment.
Yield
Z
Z: Zone is a designated or reserved space for work or business operations.
Zone
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