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Definition
| is dynamic, risk-taking, creative, growth-oriented behavior |
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Definition
| one who is willing to pursue opportunities in situations others view as problems or threats |
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Definition
| a business with fewer than 500 employees, independently owned and operated, and does not dominate its industry |
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Definition
| when one business owner sells to another the right to operate the same business in another location |
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Definition
| a business owned and controlled by members of a family |
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Definition
| the issue of who will run the business when the current head leaves |
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Definition
| describes how the leadership transition and related financial matters will be handed |
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Definition
| comes from being first to exploit a niche or enter a market |
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Definition
| describes the direction for a new business and the financing needed to operate it |
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Definition
| is an individual pursuing business for a profit |
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Definition
| when two or more people agree to contribute resources to start and operate a business together |
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Term
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Definition
| is a legal entity that exists separately from its owners |
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Term
| Limited liability corporation (LLC) |
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Definition
| is a hybrid business form combining advantages of the sole proprietorship, partnership, and corporation |
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Term
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Definition
| involves borrowing money that must be repaid over time with interest |
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Definition
| involves exchanging ownership shares for outside investment monies |
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Definition
| make large investments in new ventures in return for an equity stake in the business |
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Term
| Initial Public offering (IPO) |
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Definition
| is an initial selling of shares of stock to the public at large |
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Term
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Definition
| is a wealthy individual willing to invest in return for equity in a new venture |
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Definition
| is entrepreneurial behavior displayed by people or subunits within large organizations |
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Term
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Definition
| are teams allowed to work creatively together, free of constraints from the larger organization |
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Term
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Definition
| offer space, shared services, and advice to help small business get started |
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Term
| Small Business Development Centers |
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Definition
| Offer guidance and support to small business owners in how to set up and run a business operation |
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