Small Business Administration (SBA)
A government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
Venture Capital
Money provided by larger investors to finance new products and new businesses that have a good chance to be very profitable.
Short-term Financing
The money needed to pay for the current operating activities of a business.
Start-up Financing
The amount of money needed to open the business.
Innovation
An invention or creation that is brand new.
Entrepreneur
Someone who takes a risk in starting a business to earn a profit.
Business Plan
A written description of the business idea and how it will be carried out, including major business activities.
Long-term Financing
Money needed for the important resources of a business (such as land, buildings, and equipment) that will last for many years.
Small Business
An independent business with fewer than 500 employees.
Improvement
A designed change that increases the usefulness of a product, service, or process.
Entrepreneurship
The process of starting, organizing, managing, and assuming the responsibility for a business.