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Related Flashcards
Related Topics
Cards In This Set
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Entrepreneur
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Someone who takes a risk in starting a business to earn a profit
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Entrepreneurship
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The process of starting, organizing, managing, and assuming the responsibility for a business
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Venture capital
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Money provided by large investors to finance new products and new businesses that have a good cahnce to be very profitable
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Innovation
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An invention or creation that is brand new
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Improvement
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A designed change that increases the usefulness of a product, service, or process
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Small business
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An independent business with fewer than 500 employees
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Small Business Administration (SBA)
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A government agency that helps small business owners develop business plans and obtain financing and other support for their companies
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Business plan
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A written description of the business idea and how it will be carried out, including all major business activities
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Start-up financing
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The amount of money needed to open the business
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Inventory
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Products or raw materials on hand
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Short-term financing
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The money needed to pay for the current operating activities of a business
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Long-term financing
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Money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years
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