| A | B |
|---|
| Entrepreneur | An individual who understakes the risk associated with creating, organizing, and owning a business. |
| Entrepreneurship | The process of starting and operating one's own business. |
| Business Ethics | Applying principles of right and wrong to situations in the workplace. |
| Code of Ethics | A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture. |
| Innovation | new or different product |
| Mission Statement | A written description of the purpose of a company and the management's philosophy. |
| Opportunity | An idea that has commercial value. |
| Small Business | Sometimes referred to as "mom and pop" businesses. |
| Discovery | The stage in wich the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc. |
| Concept Development | The stage in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect logo/name. |
| Resourcing | The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the business. |
| Venture | A business undertaking involving risk. |
| Actualization | The stage in which the entrepreneur operates the business and uses resources to achieve its goals. |
| Harvesting | The stage in which the entrepreneur decides on a business's future growth, development, or closure. |
| Business Plan | A proposal that describes a new business. |
| Capital | Wealth in the form of money or property, used or gotten in a business. |
| Trademark | A name, symbol, figure, letter, word, or mark adopted and used by a manufacturer or merchant in order to designate his or her goods. |
| Copyright | The legal right granted to an author, composer, playwrite, publisher, or distributor to exclusive publication, production, sale, or distribution or a literary or artistic work. |
| Patent | The exclusive rights granted by the government to an inventor to manufacture, use or sell an invention for a certain number of years willing and able to produce at different prices. |
