Advisory boards
group of individuals who offer guidance to the new business owner
Angel investors
wealthy individuals who are willing to put up their own money in hopes of a profit return later on
Bootstrap Financing
when entrepreneurs start a business with a little capital
Business incubators
organizations that support start up businesses by offering administrative services, technical support, business networking, sources of financing, and more that a group of start-up companies shares
Business plans
formal documents that state the goals of the business as well as the plan for reaching those goals.
Due diligence
means to research and analyze a business to uncover any hidden problems associated with it.
Enterprise zones
geographic areas targeted for economic revitalizing
Entrepreneurial teams
groups of qualified individuals with varied experiences and skills that come together to form a new venture
Franchisees
independent third party operators of a franchise
Franchisors
businesses that sell their product or service and its method of doing things to third-party operators
Grants
financial awards that are offered by federal and state governments and some private organizations
Growth entrepreneurs
strive to create fast-growing businesses and look forward to expansion
Home-based entrepreneurs
entrepreneurs who run their businesses out of their homes
Internet entrepreneurs
create businesses that operate solely online
Intrapreneurs
employees who work in an entrepreneurial way within an organizational environment
Lifestyle entrepreneurs
look for more than profit potential when they begin their busineses
Micropreneurs
start their own businesses but are satisfies with keeping third business small in an effort to achieve a balanced lifestyle
Opportunity niche
need in the market that is not being adequately fulfilled
Service Corp of Retired Executives (SCORE)
volunteer organization of retired executives who offer workshops and counseling to small businesses at no cost
Small Business Administration
an independent agency of the federal government that was formed to aid, counsel, assist, and protect the interests of small businesses
Small business investment companies (SBIC)
private venture capital firms licensed by the SBA to make equity capital or long-term loans available to small companies
small businesses
independently owned and operated; not dominant in their field of operation
social entrepreneurs
set out to create innovative solutions in the social sector; they are entrepreneurs with a mission
social intrapreneurs
build and develop ventures within a company that are designed to identify and solve large-scale social problems
Venture capitalists
contribute money to a business in return for some form of equity-- a piece of ownership