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