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Sweat Equity
Sweat equity is a non-monetary benefit that a company's stakeholders give in labor and time, rather than a monetary contribution, that benefit the company. Sweat equity is rewarded in the form of sweat equity shares. These are shares given out by a company in exchange for labor and time rather than a monetary amount."Sweat Equity Shares." Court Uncourt, vol. 7, no. 6, 2020, p. 21-22. HeinOnline, https://heinonline.org/HOL/P?h=hein.journals/counco7&i=264 Sweat equity in real estate Sweat equity has an application in business real estate, for example, where the owners put in effort and toil to build the business, in real estate where owners can perform D.I.Y. improvements and increase the value of the real estate, and in other areas such as an auto owner putting in their own effort and toil to increase the value of the vehicle. The term sweat equity explains the fact that value added to someone's own house by unpaid work results in measurable market rate value increase in house pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unpaid Work
Unpaid labor or unpaid work is defined as labor or work that does not receive any direct remuneration. This is a form of non-market work which can fall into one of two categories: (1) unpaid work that is placed within the production boundary of the System of National Accounts (SNA), such as gross domestic product (GDP); and (2) unpaid work that falls outside of the production boundary (non-SNA work), such as domestic labor that occurs inside households for their consumption. Unpaid labor is visible in many forms and isn't limited to activities within a household. Other types of unpaid labor activities include volunteering as a form of charity work and interning as a form of unpaid employment. In a lot of countries, unpaid domestic work in the household is typically performed by women, due to gender inequality and gender norms, which can result in high-stress levels in Women attempting to balance unpaid work and paid employment. In poorer countries, this work is sometimes perform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn-Craft Historic District
Penn-Craft Historic District is a national historic district located at Luzerne Township, Fayette County, Pennsylvania. The district includes 108 contributing buildings, 7 contributing sites, and 6 contributing structures in the subsistence homestead community of Penn-Craft. The planned community was first built between 1937 and 1943 by the American Friends Service Committee, as a community for unemployed miners. In addition to two pre-Penn Craft dwellings, contributing buildings include remaining frame "temporary" houses, 50 stone houses, knitting factory (1939), cooperative store (1942), and a frame barn. ''Note:'' This includes It was added to the National Register of Historic Places in 1989. When the June 2012 Mid-Atlantic and Midwest derecho passed through southwestern Pennsylvania on June 29, 2012, the community's store was destroyed by a fire resulting from a lightning strike. References External linksTown of Penn-Craft, Penncraft, Fayette County, PA 18 photos, 24 d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Habitat For Humanity
Habitat for Humanity International (HFHI), generally referred to as Habitat for Humanity or Habitat, is a US non-governmental, and nonprofit organization which was founded in 1976 by couple Millard and Linda Fuller. Habitat for Humanity is a Christian organization. The international operational headquarters are located in Americus, Georgia, United States, with the administrative headquarters located in Atlanta. As of 2020, Habitat for Humanity operates in more than 70 countries. The mission statement of Habitat for Humanity is "Seeking to put God's love into action, Habitat for Humanity brings people together to build homes, communities, and hope". Homes are built using volunteer labor and Habitat makes no profit from the sales. In some locations outside the United States, Habitat for Humanity charges interest to protect against inflation, a policy that has been in place since 1986. The organization operates with financial support from national governments, philanthropic foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volunteering
Volunteering is a voluntary act of an individual or group wikt:gratis, freely giving time and labor for community service. Many volunteers are specifically trained in the areas they work, such as medicine, education, or emergency rescue. Others serve on an as-needed basis, such as in response to a natural disaster. Etymology and history The verb was first recorded in 1755. It was derived from the noun ''volunteer'', in 1600, "one who offers himself for military service," from the Middle French ''voluntaire''. In the non-military sense, the word was first recorded during the 1630s. The word ''volunteering'' has more recent usage—still predominantly military—coinciding with the phrase ''community service''. In a military context, a volunteer military, volunteer army is a military body whose soldiers chose to enter service, as opposed to having been conscripted. Such volunteers do not work "for free" and are given regular pay. 19th century During this time, America expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revolving Fund
A revolving fund is a fund or account that remains available to finance an organization's continuing operations without any fiscal year limitation, because the organization replenishes the fund by repaying money used from the account. Revolving funds have been used to support both government and non-profit operations. In the case of revolving funds for a government project whose budget goes through annual parliamentary or other legislative appropriations that relate to a fiscal year then the unutilized balance may lapse after the close of the financial year. However it is restored the next year provided the agency concerned includes the amount in next year's appropriation. Within federal and state governments, law establishes revolving funds. Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Option
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remuneration
Remuneration is the pay or other financial compensation provided in exchange for an employee's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms. Remuneration is one component of reward management. In the UK it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP). Types Remuneration can include: * Commission *Employee benefits *Employee stock ownership *Executive compensation ** Deferred compensation *Salary **Performance-linked incentives *Wage * Mandatory compensation payable by an employer to an employee for the benefit obtained from a patent for an invention made by an employee United States For wage withholding purposes under U.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an empl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Companies
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mike Moyer
Michael Dirck Moyer (born in 1971) is an American entrepreneur, author, adjunct lecturer at Northwestern University, and adjunct associate professor at the University of Chicago Booth School of Business. He has written eight books in support of achieving success in advanced education and business, including ''How to Make Colleges Want You'' (2008) and ''Slicing Pie'' (2012), the latter of which outlined his strategy for dividing equity in startup companies. Moyer and his business partner Alyson Tesler were the winners of the 2003 New Venture Challenge at the University of Chicago, for which their startup, Vicarious Communications, Inc., received a $25,000 investment from the university. Education Moyer attended the University of Kansas, receiving a BA degree in 1995. He then studied integrated marketing communications at Northwestern University, receiving an MS degree in 1996, after which he received an MBA degree from the University of Chicago in 2004. Business ventures In 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
To Each According To His Contribution
"To each according to his contribution" is a principle of distribution considered to be one of the defining features of socialism. It refers to an arrangement whereby individual compensation is representative of one's contribution to the social product (total output of the economy) in terms of effort, labor and productivity. This is in contrast to the method of distribution and compensation in capitalism, an economic and political system in which property owners can receive income by virtue of ownership irrespective of their contribution to the social product. The concept formed the basic definition of socialism for its pre-Marxist proponents, including Ricardian socialists, classical economists, collectivist anarchists and individualist anarchists, as well as for Marx, who contrasted it with " to each according to his need" as the corresponding principle of completed communism. Definition and purpose ''To each according to his contribution'' was a concept espoused by many member ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
