| A | B |
|---|
| small business | Company that is independently owned and operated, is not dominant in its field, and meets certain criteria for the number of employees and annual sales revenue |
| start-up companies | New ventures |
| franchise | Business arrangement in which a small business obtains rights to sell the goods or services of the supplier (franchisor) |
| franchisor | Supplier that grants a franchise to an individual or group (franchisee) in exchange for payments |
| busniess plan | A written document that provides an orderly statement of a company's goals and how it intends to achieve those goals |
| incubators | Facilities that house small businesses during their early growth phase |
| venture capitalists | Investments specialists who provide money to finance new businesses or turnarounds in exchange for a portion of the ownership, with the objective of making a considerable profit on the investment; also called VCs |
| stock | Shares of ownership in a corporation |
| initial public offering (IPO) | Corporation's first offering of stock to the public |
| franchisee | Small-business owner who contracts for the right to sell goods or services of the supplier (franchisor) in exchange for some payment |
