Discuss the Basic Four Business Plan Objectives for an Entrepreneur

question 75

Short Answer

Discuss the basic four business plan objectives for an entrepreneur starting a new venture.

---

Definitions:

Pension Plan

A retirement plan offered by an employer which provides a fixed payout upon retirement, often based on salary and years of service.

401(k) Plan

A retirement savings plan sponsored by an employer allowing employees to save and invest a portion of their paycheck before taxes are taken out.

Maximum Contribution

The highest amount that can be contributed to a financial account or plan, such as a retirement account, in a given period, often with tax implications.

Roth IRA

is an individual retirement account allowing withdrawals on a tax-free basis, provided certain conditions are met, financed by after-tax dollars.