entreprenuer

growth rewards

what people get from facing and beating challenges

franchise

a prepackaged business bought, rented, or leased from a company called franchisor.

virtual instant global entrepreneurship

a process that uses the internet to quickly create businesses with a worldwide reach.

CSI entrepreneurship

acronym for the three forms of entrepreneurship, corporate, social and independent.

firm

an organization that sells to or trades with others.

novelty

characterized by being new or different.

necessity-driven entrepreneurship

creating a firm as an alternative to unemployment.

small business

involves 1-50 people and has its owner managing the business on a day-to-day basis.

innovativeness

refers to how important a role new ideas, products, services, processes, or markets play in an organization.

innovation

the entrepreneurial focus which looks at a new thing or a new way of doing things.

creation

the entrepreneurial focus which looks at the making of the entities.

customer- focus

the entrepreneurial focus which refers to doing the most work with the fewest resources.

social entrepreneurship

the form of entrepreneurship involving the creation of self-sustaining charitable and civic organizations, or for-profit organizations, which invest significant profits in charitable activities.

independent entrepreneurship

the form of entrepreneurship which a person or group own their own for-profit business.

corporate entrepreneurship

the form of entrepreneurship which takes place in existing businesses around new products, services, or markets.

ecommerce

the general term for conducting business on the internet.

forms of entrepreneurship

the settings in which entrepreneurial effort take place.

creative destruction

the way that newly created goods, services, or firms can hurt existing goods,services, or firms.

entrepreneur

a person who owns or starts an organization,

independent small business

a business owned by an individual or small group.

owner-managed firms

a business run by the individual who owns it.

traditional small business

a firm intended to provide a living income to the owner, and operating in a manner and on a schedule consistent with other firms in the industry and market.

high-performing small business

a firm intended to provide the owner with a high income through sales or profits superior to those of the traditional small business.

high-growth venture

a firm started with intent of eventually going public, following the pattern of growth and operations of a big business.

efficiency-driven economy

a nation where industrialization is becoming the major force providing job, revenues, and taxes, and where minimizing costs while maximizing productivity is a major goal.

innovation-driven economy

a nation where the major forces for jobs, revenue, and taxes come from high-value added production based on new ideas and technologies and from professional services based on higher education.

factor-driven economy

a nation where the major forces for jobs, revenues, and taxes come from farming or extractive industries like forestry, mining, or oil production.

small business administration

a part of the U.S. government, which provide support and advocacy for small business.

self-efficacy

a person's belief in his or her ability to achieve a goal.

main street business

a popular term for small business reflecting the idea that these are the kinds of firms you would expect to find on the main street of a typical American city, and are the opposite of big businesses or 'wall street' businesses.

lifestyle or part-time firm

a small business primary intended to provide partial or subsistence financial support for the existing lifestyle of the owner, most often through operations that fit the owner's schedule and way of working.

effectuation

an approach used to create alternatives in uncertain environment.

imitative

characterized by being like or copying something already exist.

opportunity-driven entrepreneurship

creating a firm as an alternative to unemployment

crowd funding

funding a business online through the collective involvement of others who provide donations, loans, or investments.

overall growth strategy

one of four general ways to position a business based on the rate and level of growth entrepreneurs anticipate for their firm.

founders

people who create or start new business.

serial entrepreneurs

people who open multiple businesses throughout their career.

crowdsourcing

techniques often based on internet based service to get opinions or ideas through the collective involvement of others.

flexibility rewards

the ability of business owners to structure life in the way that suits their needs best.

perseverance

the behavior of continued effort to achieve a goal.

mindshare

the degree of attention your target market pays to your idea or organization.

focus of entrepreneurship

the key directions the organization intends to pursue.

income rewards

the money made by owning one's own business.

good or services

the tangible things (goods) or intangible commodities (services) created for sale.

occupation

the type of activity a person does regularly for pay

bootstrapping

using low- cost or free techniques to minimize your cost of doing business.