Chapter 6 Kyle Mulry

11 cards

Chapter 6 Important Words.


 
  
Created Mar 2, 2009
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1
Entrepreneur
 
someone who takes a risk in starting a business to earn a profit.
2
Entrepreneurship
 
process of starting, organizing, managing, and assuming the responsibility for a business.
3
Venture Capital
 
money provided by large investors to finance new products and new businesses that have a good...
4
Innovation
 
an invention or creation that is brand new.
5
Improvement
 
a designed change that increases the usefulness of a product, service, or process.
6
Small Business
 
an independant business with fewer than 500 employees.
7
Small Business Administration
 
a government agency that help small business owners develop business plans and obtain financing...
8
Business Plan
 
written description of the business idea and how it will be carried out, including all major...
9
Start-up Financing
 
the amount of money needed to open the business.
10
Short-term Financing
 
money needed to pay for the current operating activities of a business.
11
Long-term Financing
 
money needed for the main resources of a business that will last for many years.

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