Term
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Definition
| Accepting the risk of staring 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 together to form a managerial team with the skills needed to develop, make, and market a new product. |
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Definition
| Entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work the want to do, and offers them a balanced lifestyle. |
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Term
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Definition
| Money coming in during a certain period by selling items or services |
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Definition
| Money earned after paying salaries and expenses |
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Definition
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Term
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Definition
Joy of life from surrounding businesses that are successful and keeps people employed communities intact by people able to spend. Quality of life is general well being os society in terms of:
political freedom
clean natural environment
education
health care
safety
free time
everything else that leads to satisfaction & joy |
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Term
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Definition
| the time and money invested into new business or product that may not be profitable, have to take a risk to make a profit |
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Term
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Definition
| people that are tied to new business such as bank, shareholders, employees, vendors, etc. |
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Term
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Definition
| the business seeking help in other countries for services |
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