A series of notes that I took today at BTT class:

*We are going to create basic idea plans for our businesses
*Some of the problems and obstacles that you will encounter include the cost, the way in which you will be making money, and if the idea is realistic
*The money that you get to use is called the gross income
* The net income is the amount of money that in the end you make (your profits)
*Capitol expenses are anything that you will have at the end of your business (you own it the end of your business should you decide to close it)
*You can break all other expenses into operational and consumable expenses (both of which you need to run your business)
*Even if you have a negative net income, you can use those capitol expenses for next summer
*The advantages of running you own business is the job experience, you're your own boss, and you might end up making a lot of money if things go well
*There is a high risk, but also a high reward if you choose to start your own business