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Intro to business-Chap 6 Entrepreneur

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

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