| A | B |
|---|
| entrepreneurship | Accepting the risk of starting a business, or a business started by a risk taker. |
| virtual business | A company that does business only on the Internet. |
| entrepreneur | A person who recognizes a business opportunity and assumes the risks of starting a business. |
| risk taker | someone who likes to take risks |
| profit | The amount of money left over after a business has paid for the cost of producing its goods and services. |
| small business | An independently owned business that employs fewer than 500 people. |
| Company Description | Explains the type of company and gives its history if it already exists. |
| product and service plan | Describes the product and/or service; points out any unique features. Explains why people will buy the product or service. |
| marketing plan | Shows who the potential customers (target market) are and what kind of competition the business will face. Outlines the marketing strategy and specifies what makes the company unique. |
| legal plan | Shows the proposed type of legal organization the ownership will take. Points out any legal concerns. |
| management plan | Identifies the key people who will direct and manage the company. |
| operating plan | Explain the type of manufacturing or operating system the business will use. Describes the facilities, personnel, materials, and processing requirements. |
| financial plan | Specifies the financial needs and proposed sources of financing. Presents projections of revenues, costs, and profits. |
