| A | B |
|---|
| entreprenuer | 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. |
| venture capital | Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable. |
| innovation | An invention or creation that is brand new. |
| improvement | A designed change that increases the usefullness of a product, service, or process. |
| small business | An independent business with fewer than 500 employees. |
| business plan | A written description of the business idea and how it will be carried out. |
| start-up financing | The amount of money needed to open the business. |
| short-term financing | The money needed to pay for the current operatinve activities of a busienss. |
| long-term financing | Money needed for the main resources of a business. |
| long-term financing | Large amounts of money paid over several years |
| long-term financing | The land that the business is built on |
| short-term financing | Financing that is obtained for less than a year |
| start-up financing | The license used to operate the business |
| start-up financing | Purchase of equipment to open the business |
| description of the business | business idea, ownership structure |
| operations plan | organization of the company, analysis of resources needed |
| description of the competition | characteristics of the industry, condition of the economy, strengths and weaknesses of competitors |
