business plan

a detailed written statement that describes the nature of the business, the target market, the advantages against the competition, resources and qualifications of the owners

enterprise zones

specific geopgraphic areas to which governments try to attract private business investment by offering lower taxes and other gov. support

entrepreneurship

accepting the risk of starting and running a business

incubators

centers that offer new business low cost offices with basic business servies

intrapreneurs

creative people who work as entrepreneurs within corporations

market

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

micropreneurs

entrepreneurs willing to accept the risk... of a business that remains small to keep a balanced life

service corps of retired executives (SCORE)

an SBA office with volunteers from industry, trade associations and education who concel small businesses at no cost... except expenses

small business

a business that is independently owned and operated, not dominant.. meet certain size

small business administration (SBA)

a US goverenment agency that advises and assists small businesses by providing management training and financial advice and loans

small business investment company ( SBIC) program

program which private investment companies licensed by the SBA lend money to small businesses

venture capitalists

individuals or companies that invest in new businesses in exchange for partial ownership

entrepreneurial team

a group of experienced people from different areas of business who join to form a managerial team with the skills needed to develop, market, and make a new product