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An electronics store puts a large screen TV, wired for surround sound, in a quiet corner of the store with couches and a rug, and plays a recently released movie. These actions give the display the look of a family room or den. The store is using the physical surroundings as a way to influence purchase decisions.
Start-Up Process
The series of steps entrepreneurs follow to establish a new business, including idea generation, market research, and securing financing.
Harvest
The stage when the owner removes him or herself from the business. Harvesting a business can be thought of as picking the fruit after years of labor.
Small Business Owner
An individual who owns and operates a business of small size, defined by its revenue, assets, or number of employees, often playing a hands-on role in its operations.
Financial Records
Documents that track the financial activities and condition of a business, including income statements, balance sheets, and cash flow statements.
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