Intro to business Chapter 6

(Small Business Administration) SBA

a governmental agency that assists, counsels, and protests the interests of small businesses in the US

Business Plan

a carefully constructed guide for the person starting a business

Venture Capital

money that is invested in small (and sometimes struggling) firms that have the potential to become very successful

Franchise

a license to operate an individually owned business as though it were part of a chain of outlets or stores

Franchisor

an individual or organization granting a franchise

Franchisee

a person or organization purchasing a franchise

Small Business

one that is independently owned and operated for profit and is not dominant in its field

Business Plan

a carefully constructed guide for the person starting a business