| A | B |
|---|
| business plan | a written description of the business idea and how it will be carried out, including all major business activities |
| entrepreneur | someone who takes a risk in starting a business to earn a profit |
| entrepreneurship | the process of starting, organizing, managing, and assuming the responsibility for a business |
| improvement | a designed change that increases the usefulness of a product, service, or process |
| innovation | an invention or creation that is brand new |
| long-term financing | the money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years |
| short-term financing | the money needed to pay for the current operating activities of a business |
| small business | an independent business with fewer than 500 employees |
| Small Business Administration | a government agency that helps small business owners develop business plans and obtain financing and other support for their companies |
| start-up financing | the amount of money needed to open the business |
| venture capital | money provided by large investors to finance new products and new businesses that have a good chance to be very profitable |
