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13 Cards in this Set

  • Front
  • Back
Accepting the risk of starting and running a business
Entreprenuerial team
A group of experienced people from different areas of business who join together to form a managerialteam with the skills needed to develop, make, and market a new product
Entrepreneurs willing to accept ths risks of starting and managing the type of business that remians small, lets then do the kind of work they want to do, and offers them a balanced lifestyle
Creative people who work as entrepreneurs within corporations
Enterprise zones
Specific geographical areas to which governments try to attract private business investment by offering lower taxes and other government support
Centers that offer new businesses low-cost offices with basic business services
Small business
A business that independently owned and operated, is not dominant in its field of operation, and meets certain standards of size (set by the SBA)in terms of employees or annual receipts
Business plan
A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s)
Venture capitalists
Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses
Small Business Administration (SBA)
A U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans
Small Business Investment Company (SBIC) Program
A program through which private investment companies licensed by the SBA lend money to small businesses
People with unsatisfied wants and needs who have both the resources and the willingness to buy
Service Corps of Retired Executives (SCORE)
An SBA office with volunteers from industry, trade associations, and educationwho counsel small businesses at no cost (except for expenses)