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CASE: Tom is a golf pro, and he is using Outlook to manage his schedule. Some of his customers pay him for a single lesson, while others set up regular weekly lessons. In addition, Tom is coordinating the annual two-day tournament at his local golf course.
Existing Businesses
Companies or enterprises that have been operational for a period of time and are not newly established.
Franchises
Business models where individuals can buy the rights to open and operate a location of a larger company.
Capital Intensive
A characteristic of businesses that require large investments in capital assets, like machinery and equipment, to produce goods or services.
Labor Intensive
Describes a process or industry that requires a large amount of labor to produce its goods or services, compared to the amount of capital used.
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