Term
| Small and medium enterprise |
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Definition
| The international term for small businesses. |
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Term
| Independent small businesses |
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Definition
| A business owned by an individual or small group |
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Term
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Definition
| a business run by the individual who owns it. |
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Definition
| People who open multiple businesses throughout their career. |
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Term
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Definition
| Refers to how important a role that new ideas, products, services, processes, or markets play in an organization. |
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Term
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Definition
| One of four general ways to position a business based on the rate and level of growth entrepreneurs anticipate for their firm. |
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Term
| Lifestyle or part-time firm |
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Definition
| A small business primarily intended to provide partial or subsistence financial support for the existing lifestyle of the owner, most often through operations that fit the owners schedule and way of working. |
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Term
| Traditional small business |
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Definition
| A firm intended to provide a living income to the owner, and operating in a manner and on a schedule consistent with other firms in the industry and market. |
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Term
| High-performing small business |
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Definition
| A firm intended to provide the owner with a high income through sales or profits superior to those of the traditional small business. |
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Term
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Definition
| A firm started with the intent of eventually going public, following the pattern of growth and operations of a big business. |
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Term
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Definition
| A popular term for small businesses reflecting the idea that these are the kinds of firms you would expect to find on the main street of a typical American city, and are the opposite of big businesses or Wall Street businesses. |
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Term
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Definition
| What people get from facing and beating challenges. |
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Term
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Definition
| The money made by owning ones own business. |
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Term
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Definition
| The ability of business owners to structure life in the way that suits their needs best. |
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Term
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Definition
| Funding a business online through the collective involvement of others who provide donations, loans, or investments. |
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Term
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Definition
| Using low-cost or free techniques to minimize your cost of doing business. |
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Term
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Definition
| The way that newly created goods, services, or firms can hurt existing goods, services, or firms. |
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Term
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Definition
| A nation where the major forces for jobs, revenues, and taxes come from farming or extractive industries like forestry, mining, or oil production. |
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Term
| Efficiency-driven economy |
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Definition
| A nation where industrialization is becoming the major force providing jobs, revenues, and taxes, and where minimizing costs while maximizing productivity (i.e. efficiency) is a major goal. |
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Term
| Innovation-driven economy |
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Definition
| A nation where the major forces for jobs, revenues, and taxes come from high-value added production based on new ideas and technologies and from professional services based on higher education. |
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Term
| Opportunity-driven entrepreneurship |
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Definition
| Creating a firm to improve ones income or a product or service. |
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Term
| Necessity-driven entrepreneurship |
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Definition
| Creating a firm as an alternative to unemployment. |
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Term
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Definition
| The general term for conducting business on the Internet. |
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Term
| Virtual instant global entrepreneurship |
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Definition
| A process that uses the Internet to quickly create businesses with a worldwide reach |
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Term
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Definition
| The entrepreneurial focus which looks at the making of new entities. |
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Term
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Definition
| The entrepreneurial focus which refers to being in tune with ones market. |
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Term
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Definition
| The entrepreneurial focus which refers to doing the most work with the fewest resources. |
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Term
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Definition
| The entrepreneurial focus which looks at a new thing or a new way of doing things. |
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Term
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Definition
| Acronym for the three forms of entrepreneurship, corporate, social and independent. |
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Term
| Independent entrepreneurship |
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Definition
| The form of entrepreneurship in which a person or group own their own for-profit business. |
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Term
| Corporate entrepreneurship |
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Definition
| The form of entrepreneurship which takes place in existing businesses around new products, services, or markets. |
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Term
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Definition
| The form of entrepreneurship involving the creation of self-sustaining charitable and civic organizations, or for-profit organizations which invest significant profits in charitable activities. |
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Term
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Definition
| The degree of attention your target market pays to your idea or organization. |
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Term
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Definition
| The behavior of continued effort to achieve a goal. |
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Term
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Definition
| An approach used to create alternatives in uncertain environments. |
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Term
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Definition
| Techniques often based on Internet-based services to get opinions or ideas through the collective involvement of others. |
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Term
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Definition
| Involves 1–50 people and has its Owner managing the business on a day-to-day basis. |
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Term
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Definition
| A person’s belief in his or her ability to achieve a goal. |
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Term
| Small Business Administration |
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Definition
| A part of the U.S. government, which provides support and advocacy for small businesses. |
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Term
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Definition
| The type of activity a person does regularly for pay. |
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Term
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Definition
A person who owns or starts an
organization, such as a business. |
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Term
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Definition
| The tangible things (goods) or in-tangible commodities (services) created for sale. |
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Term
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Definition
| An organization that sells to or trades with others |
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Term
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Definition
| Characterized by being different or new. |
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Term
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Definition
| Characterized by being like or copying something that already exists. |
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Definition
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Term
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Definition
| People who create or start new businesses. |
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Term
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Definition
| A prepackaged business bought, rented, or leased from a company called a franchisor |
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Term
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Definition
| People who purchase an existing business |
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