Chapter 6
Terms
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- intrapreneurs
- creative people who work as entrepreneurs within corporations
- enterprise zones
- specific geographic areas to which government try to attract business investments by offering lower taxes and other government support
- small business
- a business that is independently owned and operated, is not dominant in its field of operation and meets certain standards of size in terms of employees or annual receipts
- micropreneurs
- entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle
- small business investment company
- a program through which private investment companies licensed by the SBA lend money to small businesses
- entrepreneurial team
- a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product
- venture capitalist
- individuals or companies that invest in new businesses in exchange for partial ownership of those businesses
- incubators
- centers that offer new businesses low cost offices with basic business services
- service corps of retired executives
- an SBA office with volunteers from industry, trade associations, and education who counsel small businesses at no cost
- small business administration
- a U.S government agency that advises and assists small businesses by providing management training and financial advice and loans
- business plan
- a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owners