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Business 100
Entrepreneurship and Starting a Small Business
14
Business
Undergraduate 1
09/27/2010

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Cards

Term
Entrepreneurship
Definition
-- Accepting the risk of starting and running a business.
Term
Entrepreneurial team
Definition
-- A group of experienced people from different areas of business who join to form a managerial team with the skills to develop, make and market a new product.
Term
Micropreneur
Definition
-- Entrepreneurs willing to accept the risk of starting and managing a business that remains small, lets them do the work they want to do, and offers a balanced lifestyle.
Term
Affiliate Marketing
Definition
-- An Internet-based marketing strategy in which a business rewards individuals or other businesses for each visitor or customer the affiliate sends to its website.
Term
Intrapreneur
Definition
-- A creative person who works as an entrepreneur within a corporation
Term
Enterprise Zones
Definition
-- Specific geographic areas to which governments attract private business investment by offering lower taxes and other government support.
Term
Incubators
Definition
-- Offer new businesses low-cost offices with basic services.
Term
Small Business
Definition
-- Independently owned and operated, not dominant in its field of operation and meets certain standards of size.
Term
Business Plan
Definition
-- A detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and owners qualifications.
Term
Venture capitalists
Definition
-- Individuals or companies that invest in new businesses in exchange for partial ownership.
Term
Small Business Administration (SBA)
Definition
-- A U.S. government agency that advises and assists small businesses by providing management training and financial advice.
Term
Small Business Investment Company
Definition
(SBIC) -- A program through which private investment companies licensed by the SBA lend money to small businesses.
Term
Small Business Development Centers (SBDC)
Definition
are funded jointly by the federal government and individual states.
Term
Market
Definition
-- Consumers with unsatisfied wants and needs who have both resources and willingness to buy.
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