Term
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Definition
| -- Accepting the risk of starting and running a business. |
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Term
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Definition
| -- 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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Definition
| -- Entrepreneurs willing to accept the risk of starting and managing a business that remains small, lets them do the work they want to do, and offers a balanced lifestyle. |
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Term
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Definition
| -- An Internet-based marketing strategy in which a business rewards individuals or other businesses for each visitor or customer the affiliate sends to its website. |
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Term
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Definition
| -- A creative person who works as an entrepreneur within a corporation |
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Term
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Definition
| -- Specific geographic areas to which governments attract private business investment by offering lower taxes and other government support. |
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Term
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Definition
| -- Offer new businesses low-cost offices with basic services. |
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Term
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Definition
| -- Independently owned and operated, not dominant in its field of operation and meets certain standards of size. |
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Term
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Definition
| -- 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 owners qualifications. |
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Term
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Definition
| -- Individuals or companies that invest in new businesses in exchange for partial ownership. |
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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. |
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Term
| Small Business Investment Company |
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Definition
| (SBIC) -- A program through which private investment companies licensed by the SBA lend money to small businesses. |
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Term
| Small Business Development Centers (SBDC) |
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Definition
| are funded jointly by the federal government and individual states. |
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Term
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Definition
| -- Consumers with unsatisfied wants and needs who have both resources and willingness to buy. |
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