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Chapter 6
Entrepreneurship and Small Business
8
Management
Undergraduate 1
04/21/2015

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Term

Entrepreneurship

 

Definition
People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit or greatly changing the scope and direction of an existing company.
Term
Intrapreneurs
Definition
Entrepreneurs who apply their creativity, vision, and risk taking within large corporations rather than starting companies of their own.
Term
Small Business
Definition
A business that is independently managed, is owned by an individual or a small group of investors, is based locally, and is not a dominant company in its industry.
Term
Debt
Definition
A form of business financing consisting of borrowed funds that must be repaid with interest over a stated time period.
Term
Equity
Definition
A form of business financing consisting of funds raised through the sale of stock (i.e., ownership) in a business.
Term
Angel Investor
Definition
Individual investors or groups of experienced investors who provide funding for start-up businesses.
Term
Venture Capital
Definition
Financing obtained from investment companies that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return for their money.
Term
Business Development Bank of Canada (BDC)
Definition
Bank that provides small and medium sized businesses with flexible financing, affordable consulting services, and venture capital.
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