You are an investor, and you want to loan money to a business for working capital. Instead of being paid back in the form of principle and interests, you wish to establish a short-term debt with the company that will ultimately be converted into business equity. What is this short-term debt called?
A convertible note
For managers, there are many styles of leadership. Jason is a manager and has five employees. His like to lead by doing task himself and expecting his group to follow his example. As a result, Jason sets high standards for his employees. Which management style would best describe Jason's approach?
When an individual chooses to start a business, they must select a business entity. Barbra wants to open a beauty salon. She will be the only owner. What would business entity be the right choice for someone who would run a business alone for their own benefit?