Intro to business-Chap 6 Entrepreneur
Improvement
Designed change that increases the use and fullness of a product, service, or process.
Long-Term financing
Money needed for the main reasources of a business.
Venture Capital
Money provided by large invaders to finance new products and new businesses that have a good chance to be very profitable.
Entrpreneurship
Process of starting, organizing, managing, and assuming the responsibility for a business.
Entrepreneur
Some one who takes risks in starting a business to earn a profit.
The Small Business Administration
government agency that helps small business owners devolp business plans and obtain financing and other support for their companies.
Innovation
invention or creation
Start-up financing
Amount of money needed to open the business.
Business plans
Writtten description of the business idea and how it will be carried out, including all major business activities.
small business
an independent business with fewer than 500 employees.
Short-Term financing
money needed to pay for the current operating activities of a business.