Ch 6 Entrepreneurship and Starting a Small Business

Entrepreneurship

Accepting the risk of starting and running a business.

entrepreneurial team

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.

affiliate marketing

intrapreneurs

Creative people who work as entrepreneurs within corporations.

incubators

small business

business plan

venture capitalists

Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.

Small Business Administration (SBA)

Small Business Investment Company (SBIC) Program

A program through which private investment companies licensed by the Small Business Administration lend money to small businesses.

market

People with unsatisfied wants and needs who have both the resources and the willingness to buy.

Service Corps of Retired Executives (SCORE)