Bank Service Charges a. What is a bank service charge? b. How does a business record bank service charges in its checkbook and in its accounting records?
FEBRUARY 3, 2016 (Wednesday) Capter 5 Class notes Business Ownership and Entrepreneurship Small businesses (characterized as small business by SBA) Disney and Apple both started in a garage. All large businesses start small. Advantages: Independence, challenging, you are the BOSS! AVERAGE AGE of Entrepreneurs is similar to this graph: 70% of Entrepreneurs are 2544 years old. FACT: Woman own 66% of all homebased businesses MANY SMALL BUSINESS FAIL! (about 70% will fail within the first 210 years). Why do some small businesses fail Going into an unknown market without “Testing the water." Under estimating the TIME of building the market. Not enough MONEY capital