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Definition
| accepting the risk of starting and running a business |
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| a group of experienced people from different areas of business who join to form a managerial team with the skills to develop, make, and market a new product |
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| entrepreneurs that do not want to build mammoth corporations, bur rather are interested in maintaining a balanced lifestyle while doing the kind of work they want to do |
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Definition
| an internet-based marketing strategy in which a business rewards individuals or other businesses (affiliates) for each visitor or customer the affiliate sends to its Web site |
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| creative people who work as entrepreneurs within corporations |
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| specific geographic areas to which governments attract private business investment by offering lower taxes and other government support |
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| programs that offer new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, and secretarial help |
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| a business that is independently owned and operated, is not dominant in its field of operating, and meets certain standards of size in terms of employees or annual receipts |
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| a detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and qualifications of the owner(s) |
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Definition
| individuals or companies that invest in new businesses in exchange for partial ownership of those businesses |
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Term
| Small Business Administration (SBA) |
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Definition
| a U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans |
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| Small Business Investment Company (SBIC) program |
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Definition
| a program through which private investment companies licensed by the Small Business Administration lend money to small businesses |
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Definition
| consumers with unsatisfied wants and needs who have both resources and willingness to buy |
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| Service Corps of Retired Executives (SCORE) |
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Definition
| an Small Business Administration office with volunteers from industry, trade associations, and education who counsel small businesses at no cost (except for expenses) |
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