| A | B |
|---|
| Business Plan | A written description of the business idea and how it will be carried out, including 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 | Money needed for the important 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 |
